RE: LOTTERY TICKET The biggest problem w/ BGM is the Balance Sheet. I think one problem may be the $96M Accum Deficit.
Considering the Asset - Mineral Properties ($18M), Deferred Development ($3.7M), Plant and Equip ($17.6M) are assigned a value of $31M and Liabilities are $24M.
The Cash Balance though exactly unknown at this time is minimal. There are no sources of Revenue.
There is no money for Mill #2. Truthfully, what are the cost projections? $50M? $75M?
I want to know where the money will come to get Bonanza into production. How much is needed? $15M? Bonanza needs to be stripped to a minimum depth of 50m before production.
IMO most of posters on this board appear to be uninformed and completely illusional.