OTCQX:BGMZF - Post by User
Comment by
2guyson Jun 19, 2013 7:09am
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Post# 21541390
RE: BGM's blue-sky conservative value
RE: BGM's blue-sky conservative value Being that the model is based on an open pit mining scenario, I see no reason why a higher value can be used for insitu value. Don't know if it will be $50/ounce, but it should be close, IMO.
The only thing we need now is a PEA. Just not sure if further drilling is needed prior to having one done, but if it can be done, it should shed some light on the value here.
It's only $80k to get a PEA as per the news, so let's hope BGM gets on it asap prior to trading commencing. atb