OTCQX:BGMZF - Post by User
Comment by
hammer161on Jan 02, 2015 3:52pm
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Post# 23280844
RE:Boris - can you add and multiply ?
RE:Boris - can you add and multiply ?
One thing I learned and obviously you didn't Wango is NEVER ASSUME. Aside from that I thought you dealt in facts? Assumptions are not facts. Also, as others have pointed, it is amazing that you think BGM ends up with the full sale value of every ounce in their pocket - Ever heard of operating costs? All in costs? Aside from the Sprott loan they were also in the hole for the first 2900 ounces as announced October 1st. It will take a lot more ounces than that, produced efficiently, to catch up and get not the black. I for one doubt that they have managed to do that. And before you spout off about 1oz mining - sure you get a few tonnes like that in spots - but the average before dilution is still at best 8 to 9 grams. I always thought it odd that you could not see grade control stakes in the blasted material in the pit photos - the dilution will still be high and grade lower than the PFS expected.