halcro wrote: Rollercoasterblues wrote: the GO BUTTON pressed on gold bullion Hmm
Hmmm...or humbug?
Why you rattle on and on about gold on the BGM forum, hmmm?
BGM went there, tried that (mining, milling gold) and seems to have failed miserably. The present management seemingly shut down the mining in February, 2015 (almost a year ago), and announced in the latest MD&A that they
may resume mining in late 2016.
Late 2016, IMO, means the third or fourth quarter, when snow is on the ground...which won't effect underground mining (which they haven't geared up for yet), but might effect the trucking of the ore for 130 K to the QL mill.
BGM's first filings of their annual financials (who cares about the restatements?) show:
2013 Feb. 28 year
revenue 1.5 million loss of $13.2 million 2014 Feb. 28 year
revenue $37 K loss of $12.8 million
2015 Feb. 28 year
revenue $31 million loss of $22.2 million
2016 Feb. 28 year, first three quarters
revenue $13.4 million loss of $6.8 million
2017 Feb. 28 year Rev ??? Loss $7 million estimate???
The losses from March 1, 2012, to November 30, 2015, total $55 million on bullion production/sales of $45.9 million.
For every $1.00 in revenue the cost was $2.20.