RE:Frank Callaghangoldfly wrote: FC has done so many good things about this compnay.
He has been working since 1991.
He dedicated his 23 Yers behind this compnay.
All you guys talk about sportt money or any other BS is so tiny compare to his work to accululate all this land and make it into one compnay
Greatwork Frank.
goldfly,
Work out the x% of the current deficit that flowed directly or indirectly to Frank and then reconsider your position.
Just saying. I don't know what x% is but suspect that it might be as high as 50%.
Did this spending provide value to the company? Well, if you look at some industry stats for cost of insitu resources
[url=www.goldminerpulse.com wrote: TSX / TSXv Explorer Cost of Discovery Stats
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TSX/TSXv Gold and Silver Equities Statistics
The following table includes TSX/TSXv listed companies with at least 12.5 of their in situ metal values from gold or silver (in US$).
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Under Frank's leadership BGM spent roughly $25 per ounce.
Now to be fair BGM needs to be compared with the explorer group with more than 5M oz resources. Rational for this classification is that BGM has yet to even undertake a scoping study on Cow Mountain, the source of 95% of their in situ gold. Therefore BGM is an explorer IMO.
Anyways, so interesting stats to consider