Re: Did anyone buy BGM?
in response to
by
posted on
Jun 30, 2012 12:30PM
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%)
They have pulled stellar cores but what's not known is how far and how deep the stock works goes. Can they get 10 million ounces out? Yes. More than that? Possibly.
The point is at 35,000 ounces a year the sp jumps. Conceptual prospects didn't drive the price.
We will get a jump because Teck is gathering money and people will see the seriousness and will pile on over time.