RE: RE: BrOKEN Hammer Results TodayCan't say I was at all impressed with the NR this morning. I'm not bashing the numbers, which appear positive, but the release had almost no content. Since the net expected proceeds from the bulk sample are on the new presentation, there was almost no point in this release; the only new piece of information was the net smelter return of $4M. They talk about good recoveries and mention the company which performed the assay numbers, yet didn't post the actual recoveries or assay numbers. Pretty disappointing.
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As for whether this will be a mine or not. I agree with The Cardinal ... this will definitely be a mine. That would be the only reason for hiring Marz Kord ... to bring the mine into full production ASAP. If you ratio out what the company expects to net from the mining of the bulk sample, and compare it to the estimated size of Broken Hammer, from the 2005 NI 43-101, then you're looking at net value around 23.25 million (factoring in an assumed 7% increase in tonnage for the property as per the bulk sample blast holes). That's about
.15 per share, on a fully-diluted basis. The bulk sample, in my opinion, proves the mine is viable.
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BUMBLEBEE