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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 08, 2012 3:47pm
200 Views
Post# 20578353

RE: RE: RE: Another Co. with BCSC issues

RE: RE: RE: Another Co. with BCSC issues

2guys,

Once could also pick nits in the FC statement you posted...

>>The company's directors and management, geological and engineering consultants, contractors, labs, and staff have been working diligently to prepare a comprehensive report, and it is nearing completion.<<

 

The company's insider should not be working on the report. They might be working to line-up consultants but not directly on the prep of the independent technical report. But in actual fact that is difficult since there is a huge dependency on that excel spreadsheet of drill results which is clearly under the control of BGM staff.

Ok. I am making a silly point. I don't argue that. But putting weight on FC saying the work is nearing completion is equally silly IMO. Remember BGM said the final PG report would answer all the questions the BCSC raised about the June 28th draft report.

 

From a project management perspective, a project delays has a nonlinear growth pattern in the ultimate delay. Or putting it another way, a project with a delay is likely to have more delays before it completes. IMO FC's mistake was to keep PG in the loop, probably in an effort to save time. Ultimately the short path to completion would have been to cut PG loose and give the entire task to Snowden or an equivalent firm that can put enough people on the task to complete in roughly 60 to 90 days.

 

Bullboard Posts