OTCQX:BGMZF - Post by User
Post by
fungi294fron Dec 01, 2011 1:13am
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Post# 19281995
Close enuff to bottom to buy
Close enuff to bottom to buyIt may or may not be bottom but at this point you most likely can't go wrong by buying.
But if I was any thinking that initial 43-101 resource estimates are going to boost the SP I might think again.
A perfect example is Lakeshore Gold.
They released an impressive quarterly statement on Nov 9, then a good initial high grade @ 5.64 g/t 43-101 of 500k oz indicated and 500k inferred at Thunder Creek on Nov 16, then an initial open pit @ .99 g/t resource estimate of 1.3M oz indicated and 700k oz inferred at Fenn Gibb on Nov 17.
I would consider that a pretty nice set of releases.
What has their SP done? Tanked from 2.35 to 1.40 since Aug.
So do I believe new resource estimates will save anyone right now? Not a chance.