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Bullboard - Stock Discussion Forum BRALORNE GOLD MINES LTD BPMSF

GREY:BPMSF - Post Discussion

BRALORNE GOLD MINES LTD > There may be a bigger problem
View:
Post by AlternativeView on Jul 30, 2011 4:51pm

There may be a bigger problem

The man-power problem can be solved through higher wages.

But what can be done about the problem of booking reserves in a thin vein, high grade environment?

Kocken stated at the AGM that the Bralorne mines ran for decades and never had any more than a 6 months supply of ore available.  Of course, there was no need of a 41-101 back then.  So it will likely be difficult to generate market excitement in that fashion.

But there is another thing that gets the attention of the market.  That is cashflow.  A sustained period of good cashflow, with an ever increasing cash position on the balance sheet ( or dore bars if you prefer) might just do the trick.
Comment by miningman3 on Jul 30, 2011 7:01pm
  Altho comments about  43-101  reserves / resources are valid,  IF management could produce gold on a regular  basis ,  month after month ,  the market might be prepared to overlook 43-101  issues.......... knowledgeable mining personnel  are well aware  that narrow gold veins  do not  lend themselves to  analysis  by 43-10-1 ...more  
Comment by AlternativeView on Aug 02, 2011 3:25pm
"Howver theres an even bigger issue hidden away in the annual report. One of the two stope raises that were driven in the BK vein has collapsed and has been abandoned. This is really bad news. These raises were less thab 18 months old. In good rock , I would expect these raises to remain open for 20 years+. This implies the BK vein will be difficult to mine safely and inexpensively , and many ...more  
Comment by miningman3 on Aug 02, 2011 8:57pm
Dont tell me, it was Jonathon who told you the raise collapse was no big deal!!!!!!!  This totally contradicts three press releases from Jan -March 2010.  These releases clearly state that both raises were driven at 50 degrees (  check the BC Mines Act if you want to know the relevance of that number)  and both were approx 120 feet long,  driven from the 800 Level.  ...more  
Comment by miner55 on Aug 23, 2011 12:29pm
to whom it may concern.I read these boards but very seldom post but I would like to say I work at bralorne as a miner .The stope on the 800L on the bk deposit went up at 89 degrees careing timbered manways on both ends,one of the manways colapsed.We were three lifts from completion ,a short raise was driven up to access the decline .Decline will access the top , material will be mined no lose ...more  
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