OTCQX:BGMZF - Post by User
Comment by
Flintstone60on Nov 01, 2012 2:05pm
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Post# 20551040
RE: RE: It was Xstrata and LSG
RE: RE: It was Xstrata and LSG >>Newfie75: "I thought it was Xstrata as well but I think Snowden also support the potential ounces. I'm just trying to remember how it was stated when I spoke to Tim. There was definitely more than one QP who agreed with PG, at least that was what was communicated to me."
I think this is what you are searching:
dogwag on 9/13/2012: "I phoned the company this morning and they basically said the numbers are the numbers.LSG and Xstrata use the same software which is used in most narrow vein high grade type deposits(43-101 compliant).Capping the multiple high grade intercepts would give an underestimation of resources in these instances.They said that they have been consulting with Xstrata and that the usage of the program from Peter George is correct.The other firm that is doing the 43-101 for the Bonanza Ledge concur with Xstata and Mr George.Also,they will first mine about 10,000 ounces at the QR mine which is very accessible to them in the next few months and then commence the Bonanza ledge propject.This 10,000 ounces will not have to be trucked and give them a good cash infusion along with the warrents which were exersized and the ones which will be exersized when the trading commences at higher prices.The time spent now is to address all the BCSC ,s concerns and show more thouroughly how the numbers were achieved"
Best Regards, Fred