OTCQX:BGMZF - Post by User
Comment by
hammer161on Sep 07, 2019 2:17pm
174 Views
Post# 30105441
RE:RE:300m to make 400m
RE:RE:300m to make 400m Interesting question as to why they only used half the resources - only answer is because the other half won't make any money. No reason to not include resources that can be converted to reseves - that would be witholdoig material information. This is exactly why BGM stock is languishing - no one beleives all resource ounces are economic. Also, keep in mind that a PEA can include inferred ounces in its reserve calculations - whereas a PFS or FS cannot (indicated only). There is always risk with inferred resources. Would be interesting to know what proportions of the reserves in this PEA come from inferred resources.