Re: Brent cook on bgm. Found this interesting
in response to
by
posted on
Aug 01, 2012 02:55PM
CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)
It's unfortunate actually, because I think BGM does have some decent resources, is a small producer with good near term cash flow, and is generally undervalued. But sure enough, they had to go with the hype-approach and invite unwanted scrutiny. Looks like a pump and dump happened to me ...
Would be worrisome if Elmer was quoted saying Schaft "could have" up to 25B lbs Cu, 30M ozs Gold, etc. What would be the point, other than a quick bump in SP?