Re: Did anyone buy BGM?
in response to
by
posted on
Jul 05, 2012 01:49PM
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%)
To a less experienced investor before the second spike:
I think it's possible for 1 more gap up. Once production numbers come in we should be sitting at 10% over the previous high. This would be the time to sell out completely and start looking for the next venture. XXX was cheap. The gap up was due to drilling results. More results are coming and this one could be the next CUU. They have the potential to be sold off fast. Very small share float. Located by the xxxxxx xxxx. I like the geology and the xxxxxx was onsite before the spike and xxxxxxxx. Should more results support the size and grades I will take a bigger position. In the meantime, if the second gap for BGM occurs sell into it. (If it goes steady, sell. It will come down.) I think we will be over baked and there's bound to be a sell off. The current conditions only allow for 70% of the previous highs. Sell the moment a spike occurs. Production numbers are too far off for this to be sustained.
Anyone who is in BGM should already know this and should have made out nicely. By your post you are not very experienced in gold mines. I thought you were? At any rate, don't expect me to spell anything out to this board. After the last round of abuse you get diddly. DYODD.