OTCQX:BGMZF - Post by User
Comment by
halcroon Sep 28, 2015 12:58pm
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Post# 24141407
RE:reserves of gold
RE:reserves of goldcherryberry wrote: does anyone know how much gold has been confirmed...I know they have several million ounces but do not know if it is 2, 3 or 4 million.....hope for some info
Go to the last financials and M D & A. With the present price of gold, there are now no reserves.
..."
The Company is in the process of exploring its properties and has not yet determined whether these properties contain economically recoverable reserves. The continued operations of the Company and the amounts recoverable on these properties are dependent upon the discovery of economically recoverable reserves, the ability of the Company to obtain the financing to complete the necessary exploration and development of such property and upon attaining future profitable production or proceeds from disposition of the properties. hammer161 wrote:
Bonanza Ledge is dead as it has no reserves and the Island Mountain report has yet to materialize even though it was due out in the first two or three months of this year - in fact it isn't even mentioned as being on the agenda any more. Oh well ... at least they are drilling.