OTCQX:BGMZF - Post by User
Comment by
hammer161on Mar 21, 2014 4:06pm
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Post# 22353694
RE:RE:RE:RE:I am the 'armchairanalyst'
RE:RE:RE:RE:I am the 'armchairanalyst'
Don't forget the BL study used $1400 Au the first year adn $1520 for the next three the project ended up making $12.8M based on life of mine production of 80,000 oz. Even giving BGM $1400 an ounce for the gold they sell, which is optomisitc these days, instead of the $1520 will shave about $9.5M off $12.8 that leaving about $3.3M on the table over 4 years, not considering changes in other costs or the milling issues that often plague startups and small mines. Heady profits indeed.