OTCQX:BGMZF - Post by User
Comment by
ovison Nov 29, 2012 4:23pm
239 Views
Post# 20662717
RE: RE: RE: RE: The next News Release
RE: RE: RE: RE: The next News Release bigbab,
You analysis is seriously flawed, in fact calling it flawed is a complement. It s/b called pure garbage!!!!!
You ignore the fact that CM is still pre scoping study. You have no idea what the development costs are going to be. Remember the strip ratio is 10 to 1. That is a lot of waste rock to move which raises the question of approvals. Remember Taseko's New Properity mine -- Feds blocked approval. Then there is the financing risks. All of these factor into valuation. Your numbers ignore all of these details. And there are lons more details that a scope study and the pre feasibility study would bring out. You are miles of the mark.
If you argued that the 350K ounces in BS ledge should be valued per your calculations, then fine, I wouldn't argue. But taking BS ledge data and extrapolation those figues to CM without factoring any development costs and develompent risks, is a gross pump!!!!!
JMHO