OTCQX:BGMZF - Post by User
Comment by
GoldExecuteon Oct 15, 2013 7:17pm
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Post# 21818295
RE:RE:A good read and applicable to BGM
RE:RE:A good read and applicable to BGMC.Wells, I think you fail to understand the issue. In the modeling that was done in the krig blocks, they didn''t take into account for the fact that based on what was shown ( or for that mater anywhere mentioned in the report) that if within one of these blocks the area had already been mined either in Stopes, or drifts. I promise you that when a major does DD on this, they will ask why it wasn't includded in the resource estimate. If a significant amount of the gold has been mined out, even open pit methods will not let this work.
Another issue is that if you have mined the longer vein sets and all that remain are the short vein sets, ore control becomes a huge issue. Any company looking at this is going to bring up the issue of where the oz's are relative to historical workings.... It is basic DD when looking at a project. IT will also significantly have impact on the PEA....
Just wait and see!