OTCQX:BGMZF - Post by User
Comment by
hammer161on Sep 16, 2013 11:55am
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Post# 21742789
RE:Updated Report
RE:Updated Report
Their analysis Dated September 13,2013, is completely misleading.
1) Undervalued - how can you come to this determination when it is not trading? Answer you can't.
2) Currently Infill drilling to "fix" the 43-101 with results expected in 2014 - Huh? where did this come from?
3) Cow Mountain pre-feasibility - there is no Cow Mountai pre-feasibility study - just a resource report. If they did a Pre-Feasibility it could only include the 1Moz indicated and nothing else.
4) Current drilling will increase resources substantially - what current drilling? There isn't any!
5) Tables at the bottom show "future" proven and probable of 10Moz and annual production of 200,000 oz per year. Whose numbers are these? The company's? No. The letterwriters? Probably - but based on what. Complete BS.
6) Note no letterwriters name is included - who is he/she? Qualifications?
This is the kind of report or advice that completely misleads potential or current investors - the blind leading the blind. It contains wrong information and unreasonable assumptions about the future.