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Barkerville Gold Mns Ltd BGMZF

Barkerville Gold Mines Ltd is a Canada based company operates in the business of Gold. It is engaged in the production and sale of gold, and the exploration, development, and acquisition of mineral properties in British Columbia. The mineral tenures cover approximately 2,000 square kilometres. The company primarily holds interests in Cariboo Gold Belt District, Island Mountain, Cow Mountain and Barkerville Mountain.


OTCQX:BGMZF - Post by User

Bullboard Posts
Comment by ovison Nov 03, 2012 5:36pm
241 Views
Post# 20559248

RE: Email your MLA if your in BC

RE: Email your MLA if your in BC

mailmancp, You say, "...Seriously can you read 2700 pages in 2 hours. ..."


Well, if you looked at those 2700 pages, you see that pages 57 to 2700 in the PDF were all about the 1 foot sections of drill results. A 2 second scan quickly reveals that there are a lot of 1 foot sections with a grade of minus 1 gram per tonne. Nowhere is the meaning of a grade of -1 explained.

 

Of course, that means that the meat of the technical report was delivered in 57 pages, a rather skinny technical report relative to average sizes -- typically a technical report with an indicated resource is going to be closer to 100 pages. The 57 pages of content fail to show NI43-101 compliance -- rather PG took the easy route of stating, I visited, I saw and I determined it is all good and NI43-101 compliant.  Not acceptable so the BCSC did the right thing and halted.


Of course the BCSC could have halted trading based on the fact that the June 28th disclosure was for 10.6M oz indicated and that figure is NOT supported by the August 12th technical report.

 

Take your pick. There were lots of sound reasons for halting BGM and the BCSC did the right thing. As I recall back in mid August, many of the BGM longs were extremely pleased that trading had been halted and had agreed that the BCSC did the right thing. Funny how opinions change, although there hasn't been any material changes since then -- well one might argue that bring in Snowden and Snowden asking for certain holes to be twinned is material. But that has nothing to do with the BCSC does it...

Bullboard Posts