OTCQX:BGMZF - Post by User
Comment by
halcroon Mar 31, 2015 2:22pm
77 Views
Post# 23582639
RE:RE:Where's the money?
RE:RE:Where's the money?halcro wrote: "...The pit optimisation exercise has not resulted in an engineered and operational open-pit mine design..."
"...The reader is cautioned that the data presented in this table should not be misconstrued as a mineral resource statement.."
"...BGM management is of the view that current market conditions, deposit suitability and permit timing dictate that alternate courses be considered. A series of smaller scale, high grade, relatively low capex operations will be of prime consideration to the current team and is well within current management's areas of expertise, experience and proficiency..."
"...Tom Obradovich, President and CEO of BGM stated, "Our recent success with small scale test mining of the Bonanza Ledge deposit, combined with the vast amount of gold successfully mined in the past gives credence to the traditional tried and true methods of extracting narrow vein deposits. Our approach to the Wells high grade deposit area will be to let the deposit characteristics dictate our timing, methods and approach."...
Mr Market has certainly deeply discounted the news release.
Again, the big buyer is TD (
Day Trader, LOL), left holding the bag containing 84,700 shares at 28.3 cents when the price is 27 and was as low as 25.
Seven sellers and one buyer.