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Barkerville Gold Mns Ltd BGMZF

Barkerville Gold Mines Ltd is a Canada based company operates in the business of Gold. It is engaged in the production and sale of gold, and the exploration, development, and acquisition of mineral properties in British Columbia. The mineral tenures cover approximately 2,000 square kilometres. The company primarily holds interests in Cariboo Gold Belt District, Island Mountain, Cow Mountain and Barkerville Mountain.


OTCQX:BGMZF - Post by User

Comment by hammer161on Sep 12, 2018 8:22pm
107 Views
Post# 28609080

RE:Fuzzy NR = Fuzzy Math...where is the CF Fuzzy O ?

RE:Fuzzy NR = Fuzzy Math...where is the CF Fuzzy O ?
Major problem resulting in serioulsy flawed numbers is the assumption of mining 2000 tonnes per day for 4 months. They pretty clearly state that they have mined 80,000 tonnes. Your claculations would work out to 60,000 tonnes/month, or 300,000 tonnes over the 5 month period. So not correct. As for dilution - their presentation does not clearly state that the Bonanza Ledge/BC Vein material are reserves, but they do state that 6.5 g/t is diluted so it is implied they are reserves. The 7.05 g/t number would include dilution also.
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