OTCQX:BGMZF - Post by User
Comment by
bullsnipon Apr 17, 2013 2:18pm
239 Views
Post# 21266585
RE: What Chance Does BGM Have In
RE: What Chance Does BGM Have In obtaining permitting of an open pit mine, on its Cow mnt. project? The location of the site is right in an area of one of the largest pristine watersheds in BC.It is part of the Fraser River Watershed, and extends all the way down to the lower mainland, and of course Vancouver. There are several provincial parks in close proximity, Wells Gray, and Bowron Lake come to mind. The Quesnel River which is a tributary of the Fraser river is a part of the watershed.Under a Liberal led government it may have been possible to get the permitting done, but with the upcoming election and a new government under the socialist NDP, chances are slim.It would be one heck of a fight with a competent management team at the helm of BGM. So all of the millions of ozs. of gold real or imagined, on cow mtn. amount to nothing without the permits. Environmentalists will fight this to the end, and they will have a sympathetic gov.( NDP) behind them. jmo.