Ian Gordon vs Cstovin CStovin's point that none of the key people at BGM saw a large resource estimate coming is not true:
Ian Gordon's, Jan. 10, 2011, at Seeking Alpha:
" I really like Barkerville Gold Mines (TSX.V:BGM) in central BC. It's got a NI 43-101 gold resource of about 800 Koz. gold. But, I think we are going to see that resource grow considerably when the company announces a new 43-101. It's in production right now, en route to producing 50 Koz. gold a year. It's putting in another mill, too, so it will be able to ramp-up production to 100 Koz. I like it because the management has been able to put together a very significant land position in the Barkerville camp, which was an old mining area in about 1860 and again in the 1930s, which, of course, is the time of the previous Kondratieff Winter. I think there were three mines discovered on the properties and put into production. I like the location very much; I like the idea that it's around where old mines were in production and so on. I really believe there is a potential to add significant gold ounces on the property and cash flow is pretty good, too."
If the above was posted before, please excuse. I was just thinking above Cstovin's comments . . . . The big problem with Cstovin's thinking is Peter T. George. It just doesn't make sense for him to fabricate a resource. He's near the end of his career of 45 years. I'm sure he values his reputation. Even if Mr. George is off by two million ounces at BGM, that still leaves 8 millon ounces. Correct me if I'm wrong, but I believe Goldcorp bought the Eleonore project from Virginia mines thinking it had 8 million ounces, with the hope of finding an additional 7 million ounces or more there.
For sure, BGM is a puzzle and a worry . . .