RE:RE:BTR News outIdlefreebird wrote: Nothing to write home about...no widths and no grade... average $125,000.00 a hole x 22 holes= $2,750,000.00 ...not impressing me much ..glta
Idle, I seenn a few interesting items in the news release that I'm conncerned with.
1)
True widths are estimated to be greater than 65% of the drill intersection length. Estimated? Are they or aren't they? I just love it when mining companies give out solid factual information. WHat this really says in the information posted about all the drill results are that they are off by a factor of 35%.
2) The Company is currently drilling at a rate of approximately 10,000 m per month and plans to announce a mineral resource estimate update on its three main deposits, Gladiator, Barry, and Moroy in the coming weeks (the “2021 Resource Update”), which is expected to incorporate approximately 130,000 m of new drilling information, including the results presented today.
I thought it was going to be out by the end of the 2nd quarter...now the verbage has changed to "the coming weeks". Me thinks Pascal is going to miss another deadline. 3) And the biggie, Importantly, companywide engineering and permitting continues to progress which should allow for a smooth and rapid transition for Bonterra from exploration to development over the next 18-24 months.”
Funny, I thought this company was proceeding towards production. So I went and looks at some definitions of a development companny. Here is a link to the definition of a development company, not a production company.
[url=https://]https://www.gold.org/about-gold/gold-supply/how-gold-is-mined/development[/url]
If this hold true, production is even beyond the development stage of a mining company. So it's going to take them 18-24 months to become a development company? I may have to revise my estimates for actual production
One final comment for Stupid, No drill results for Moss, I told you 50 times it's a dud.