RE: RE: RE: Additional thoughts about BVG...Chill out there Omni. I said BVG is in the worst condition it has been in the last 5 years and explained why. I repeat, because the market and management expected an open pit scenerio not UG and expected MORE ozs not less. You're obviously not in the mining industry. I am. 6.6g/tonne, I repeat once again, is not high grade for UG in Canada. It's fabulous for open pit. Claude Resources, for example, can't make a profit mining 6 gram stuff at their Seabee UG mine no matter what the price of gold is. Cominco/Homestake's Snip gold mine had a CUTOFF grade of 11g/tonne in the 90's. Homestake/Barrick's Eskay Creek mine had a CUTOFF grade of close to 1 OZ/tonne !!!!! Yes, the price of gold was cheaper back then but so were production costs. 5 years ago BVG had 45m shs outstanding. Today, 147m. Even if BVG drills 12000 metres this year and spends $6+million to get to 1m ozs, as you say, no big company will consider it. I know that with certainty. Oh, they may kick the tires and I'm sure a few companies have already. The big companies look for 5+m oz deposits and preferably, now-a-days, in third world countries where labour costs are cheap.
Still, having said this, they have 6 anomalies to drill this year. They're still in the running. I'm hopeful they'll hit some good stuff. I see the Coffin brothers gave it a bit of a lukewarm "safe to buy at these levels" (thanks for the tip onbradley).
JD