OTCQX:BGMZF - Post by User
Comment by
hammer161on Jan 30, 2015 9:58am
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Post# 23381390
RE:HAMMER161 PLEASE READ MY ENTIRE POST - BE FAIR !
RE:HAMMER161 PLEASE READ MY ENTIRE POST - BE FAIR !
I did read your post Wango but I really didn't see much to comment on as most of it was just your dreaming and speculation. But if you insist here are a couple of things.... you like the 6.3 gram grade? Still 1.7 grams or 22% short of their reserve grade and they amended the mine plan to go after the high grade - you remember the 1oz/ton stuff your pal Rockcod said was being mined? If it was there then there must have been a disaster in mining practices leading to very significant dilution. Don't forget that the amended plan left only a small pit floor - to get the next couple of years of production they now have to push back pit walls - higher strip ratio, higher costs. Also you cant just bump up resource categories to reserves as you think - you need at least a PFS for proper reserves and BGM is not even close to that - needs a lot more time and money. Anyhow Wango, keep on going after an increasing short list of things to be optimistic about with BGM.