Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

BRALORNE GOLD MINES LTD BPMSF



GREY:BPMSF - Post by User

Comment by miningman3on Jul 30, 2011 7:01pm
446 Views
Post# 18890717

RE: There may be a bigger problem

RE: There may be a bigger problem  Altho comments about  43-101  reserves / resources are valid,  IF management could produce gold on a regular  basis ,  month after month ,  the market might be prepared to overlook 43-101  issues.......... knowledgeable mining personnel  are well aware  that narrow gold veins  do not  lend themselves to  analysis  by 43-10-1 standards.

Howver theres an even bigger issue  hidden away in the annual report.  One of the two stope raises that were driven in the BK vein has collapsed and has been abandoned.  This is really bad news.  These raises were less thab 18 months old.  In good rock ,  I would expect  these raises to remain open for 20 years+.  This implies the BK vein will be difficult to mine safely and  inexpensively , and many ounces may have to be abandoned if conditions deteriorate.  Plus such ground conditions make planning and scheduling  extremely difficult.
<< Previous
Bullboard Posts
Next >>