Post by
MiningIng on Feb 03, 2017 12:16pm
Best buying time!
CM only is minimum 10 million oz and at a really high grade... the mill should start back soon... predict 0.75 by the end of March... easily the safest Junior on the maket (Osisko and Sprott behind it). Enjoy the futur gains!!
Comment by
hammer161 on Feb 03, 2017 12:24pm
In my conversations with Paul Geddes and staff at the Roundup booth this year, both of them said they expect to take a hair cut on the CM resources due to the fact that it will be a properly constrained model. The grade should be high but the haircut means less than the 5.5 Moz the old unconstrained model predicts.
Comment by
MiningIng on Feb 03, 2017 12:35pm
Osisko will probably use the most profitable model they can for the feasibility and the recoverable reserves we be a little lower (not that much because osisko still has 1.5% royalty on CM) but the IRR will be maximise for shure!
Comment by
hammer161 on Feb 04, 2017 11:55pm
Osisko is a shareholder but it will be BGM producing any kind of report as it is their property - not Osisko's. No feasibilty study has been mentioned - only resources by end of year. Also the fact the a company holds a royalty has absolutely no bearing on determining reserves.
Comment by
Bigdeposit on Feb 15, 2017 3:47pm
Why post an article from 2013? They got their knuckles wrapped and the whole company has changed since Sprott got involved. Until they actually prove up the 'indicated' resources with a proper 43-101, I'm not a believer. I love the company, but it is all pure speculation until proven otherwise. If insiders start to buy more, so will I.
Comment by
BigGoldleaf2400 on Feb 15, 2017 5:46pm
Well we will get to find out sometime this year what we really have. This company is a safe bet we are protect by the major shareholders like sprott and osisko.