OTCQX:BGMZF - Post by User
Comment by
hammer161on Mar 15, 2014 1:15am
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Post# 22326891
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Explanation of previous post
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Explanation of previous post
Angry? No. Amused? Yes - by the naivety of many who post on this board and their expectations for how well this stock will do.
I bring Cuba up because a lot of you are prematurely slapping each other on the back about how much money you are going to make on BGM and spend on a trip to Cuba on your profits. I have pointed out a lot of technical deficiencies in their work. This should make you question what FC and BGM are doing, but most of you choose to ignore the possibility - despite thre fact that if you did a bit of DD you would find that FC and his companies have a checkered past on resource issues and have underdelivered on many of their stated goals.
Go ahead and ingore the deficiencies in BGM's reporting - enjoy your optomistic opinion - overly optomistic in my opinion. FC is only managing to raise enough $ to cover his immediate needs and he is a long way in terms of work, time and dollars needed to get Cow Mtn into production - it will be several years and tens of mllions in expenditures to get there - contrary to the back of envelpe calculations by many on this board who are already mining as of yet undefined ounces of gold and using ridiculously optomistic and simplistic parameters to project cash flows and profit.