OTCQX:BGMZF - Post by User
Comment by
yaponskion Jul 01, 2014 6:30pm
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Post# 22708730
RE:bgm financials or finance-fails?
RE:bgm financials or finance-fails?While I agree the future does look pretty 12 wattish, there is some good news in the MD&A. Specifically...
As at February 28, 2014, there was approximately 16,000 tonnes of ore are stockpiled at the QR Mill. Mill restart maintenance and repairs have commenced, with the QR Mill recommencing operations in March 2014. The Company announced in April 2014 that it had commenced operations at the QR Mill, achieving stable processing rates. The Mill is operating two shifts per day, 7 days per week and has processed an average of 534 tonnes per day for the month of April. As of the date of this MD&A a total of 119.8 kg gold doré bars have been poured with a total weight of 2,809 ounces. The doré bars are transported to Johnson Matthey, a gold refiner in Brampton, Ontario, for final refinement and sale.
2809 ounces produced in Q1 and a wee bit of Q2... not that terrible. Lots of potential picture opportunities that weren't taken... maybe for security reasons... who knows.
But the elephant on the table is still whether or not BL ore has made into the QR mill and if so who much, what grades what recovery...
TIA for any boots on the ground reports on ore trucks running down the highway from BL to QR...