OTCQX:BGMZF - Post by User
Comment by
halcroon Feb 17, 2015 5:12pm
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Post# 23437526
RE:Not Looking So Good For Gold
RE:Not Looking So Good For GoldPoor old BGM just can't seem to win for losing, LOl.
Iffin BGM were producing gold, then the cost of producing that gold would go down because the Canadian dollar is weaker. Of course, as the Wank et al have been telling us, BGM ain't been mining gold since the first week of December, and isn't expected to start up mining again until March (God willing), and the QR ain't been milling gold since January, and likely won't start up again until after enough BL ore can get over the QR some time after the BL's March start up (God and the tailing pond inspector willing).
In the meantime, the lower gold price is offset by the higher US dollar, and that 8,335-ounce, cash-cost Sprott nut just keeps on ahanging overhead (just like the wishing star).