Barkerville Gold Mns Ltd BGMZF

RE:Again for all the liars and bashers - 4000 oz proof !

[hammer161]

So you found your number - with help - but it was not in a press release as you asserted all along - you know the one that was scrubbed from the website and internet I a conspiracy. I would also point out that these are preliminary numbers with expected recoveries and number of ounces - and their October ounce number of "4000+ ounces" is wrong. They say 136 kg were poured in October. That is 136,000 grams divided by 31.1 grams per ounce times an expected recovery of 85% and equals 3,595 ounces. Is that approximately 4,000+ounces? Simple math yet they come out with an 11% error - that's pretty sloppy. Actually I think they were using a 28 gram ounce (an imperial measure) rather than the proper 31.1 gram TROY ounce that gold and silver are measured in. If you redo the calculation using the imperial number it does work out to just over 4000 oz., but it is just plain wrong. I have to wonder if their professional team at BGM have been doing this all the way along? Looks good in the MD&A and press releases but may not be so good when they get their cheque from the refinery. Also the settling price times ounces gives only gross revenue before expenses (in CDN dollars, not US) - a concept you can't seem to grasp in your accounting. The actual operating profit, if any, is not known.