OTCQX:BGMZF - Post by User
Comment by
hammer161on Nov 29, 2012 11:25am
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Post# 20660292
RE: RE: RE: Drill cores
RE: RE: RE: Drill cores Ovis - We all have our opinions on this, but mine has been from the outset that the best thing for BGM could do given the controversy over this is have a well respected third party group do a resource calculation independant of PG. It was fairly easy to see from the huge increase in volume and grade of the PG estimate relative to earlier ones that there were issues with the interpretation and methodology used. What we could not see was direct evidence of this as PG did not supply a type section showing his model - an industry standard procedure. My guess is that there was not approproate support for PG 3D model in the first place and the data from the new (and old) drill hole data, when examined by others, does not support it either. We wait for the approved numbers.
What does "a reasonable price for the in situ gold" have to do with lifting the CTO? Absolutely nothing!!! The lifting of the CTO will occur when a fully compliant resource estimate is completed and endorsed by the BCSC - that all it will take. All of the talk on this board about takeovers, buyout prices, valuation per ounce is really just speculation and time comsuming babble until the compliant resource comes out and the stock begins trading again.