OTCQX:BGMZF - Post by User
Comment by
hammer161on Oct 21, 2014 11:23am
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Post# 23047166
RE:RE:NEWS! New Gold Zone Drill Results-COW ---NICE!!!!!!
RE:RE:NEWS! New Gold Zone Drill Results-COW ---NICE!!!!!!
Yap - I would be surprised if these holes add anything to the resource. They would need to be strong enough to extend the current resource pit or sink a new, second resource pit on them - and in my opinion they are not anywhere near strong enough for that. More interesting to me is that now, more than three months after announcing that all new assays, re-assays and metallic screen assays had been received (some results are nearly a full year old), BGM has chosen to release some very mediocre results from new drill holes rather than let shareholders now the results from all of that assay work. IF there is an increase in values from those assays they would have a much larger effect on a new resource calculation. The fact that they have not yet been released speaks miles. Mediocre new results, no re-assay results, horrific mining dilution that may not yet be under control, still don't know the terms of a re-negotiated loan agreement with ES, winter approaching. Hard to see how this adds up to the excitement some seem to see.