OTCQX:BGMZF - Post by User
Comment by
hammer161on Dec 18, 2014 7:24pm
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Post# 23246870
RE:RE:RE:BGM - 1.1 MILLION INDICATED 3.9 INFERRED.
RE:RE:RE:BGM - 1.1 MILLION INDICATED 3.9 INFERRED.armchairanalyst wrote: How so Hammer.....they will be right back in the 10 000 000 + oz range...as oh ya...Snowden re assayed...further is building a PEA again for Modeling purposes.
Great Great Great Great Hunting
Mike
So Mikey - how do they double the ounces with only 5 new holes and some additional sampling in the existing holes? Keep in mind that the extra samples are a second pass and will not likely be of the same grade as the first round. Also if the historic holes had no QAQC and still don't there will not be a huge conversion from inferred to indicated. Go read the July 18th, 2014 press release and you will see very few samples prior to 2010 were re-run - less than 2%. Oh and you have things the wrong way around - you model the deposit first, calculate the resources and THEN do the PEA using many economic variables and metallurgy etc. Things would be a lot easier, and you would take less of a public beating, if you just did a bit of reading and educated yourself before posting.