OTCQX:BGMZF - Post by User
Comment by
boss_wazon Feb 01, 2014 3:06pm
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Post# 22162269
RE:RE:RE:Picked up more today....
RE:RE:RE:Picked up more today....Thanks Roller...
News should really spark movement as many news items remaining are blockbuster and deal with raising resource ratings (28,000 assays at the lab; inferred to indicated to reserve), or resource expansion (fire assays %20 and island drills/trenches), Economic assessments (COW PEA), and of course cash flow (production details).
Technically it appears .57c represents a %50 retrace from the recent high...and .50c is the 50dma...so a good bet for a bounce from here...perhaps to new highs (propelled by news)....
Details of production metrics will be very exciting as 70K tons of BL (for the 2014 permit) and the 16k tons from QR should keep the mill busy for over 100 days...perhaps nudging BGM closer to Producer status...certainly providing inside to the richness of the grading..
Of course an Economic Assessment of COW would go a long way to qualifying BGM for listings on other markets (as I believe Armchair had hinted at)....
Couple the above with a steady stair step rise of POG and we could be in for a very good year.....