OTCQX:BGMZF - Post by User
Comment by
hammer161on Dec 27, 2014 12:12am
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Post# 23266292
RE:Re;Re:Re:Re:Re:Re:Re:Re:Re: How many oz's are there really?
RE:Re;Re:Re:Re:Re:Re:Re:Re:Re: How many oz's are there really?
Couple of things for you to consider RC. What take over attempt? Got some info the rest of us don't? spit it out if you do or else it is just pure BS speculation. There may not have been anything wrong with the "facts" Peter George used ( otherwise known as data) - His methodology was flawed - he just did not constrain his model properly or cap high grade values so they did not have undue influence on the resource estimation. As a result when Snowden re-did the resource estimate it did not get smaller in terms of tonnage but did have the grade cut in half, from over 5 grams to 2.5. Therefore 5 million ounces instead of 10. This should have been caught by BGM's board and their QP before it was released.