Barkerville Gold Mns Ltd BGMZF

RE:RE:RE:RE:RE:RE:Somebody "gets it"

[hammer161]

What does proving up  more ounces do if you can't mine them? Some facts here are that as BGM has progressed their average resource grade has dropped from 6.5 g/t Au to  5.6 g/t (at best), a drop of 14%. Diluted they only get 4.52 g/t - thats 20% dilution which is potentially light given the poddy nature of this depost. They have a resource of 4.3 moz and the PEA could only take 2.1Moz in 49% of it -  that is an aweful conversion - suggests that they have been spending tens of millions of your investment dollars drilling areas that don't make economic sense just to get more ounces in the resource. Also as it is a PEA that includes inferred resources. Finally read the PEA statement - mining costs of $105.13/tonnes? Pretium $163.05/t, Harte $146.00/t. How does BM come up with mining coost a thrid less than other recent mines? IMO a recipe for a mining disaster.