Roebear and all,
I have made nothing but "negative"(in my mind probing is a better word, but since my posts usually rile people up, i.e. that one poster who wrote a 60 line tirade stating over and over that "you" should sell your shares...HA; I haven't sold a single share, and look who left a week ago, right as GOLD started going up!) posts in the past month or so, I will now make a positive one (watch people call this "insightful", again, HA);
Today's technology allows humans to probe deep into the earth without lifting a n ounce of dirt, and dig as deep as...well, until the ground becomes molten. Moreover, we all know as amatuer geologists that there is MUCH, MUCH more gold deep in the earth than in rivers and rockbeds, where the 49ers laid there prosperous claims. There is gold in the Sierras, and you and I would go get it ourselves if we had A)the know-how, B)the $$$, C)the equipment, and D)the manpower. BCMD has all of these things (with the exception of C, I'm still not fuly satisfied that there will be 24-production by summer, although with the seasoned, experienced miners (who have all their teeth to boot God bless'em) will make sure there is all the materials to mil all the rock that they broke their backs and minds to get to. Anyway, bottom line is in time there will be gold, and possibly diamonds although that is simply too good to be true, and I'm glad they have shut up about that.
NOW...here is where I'm at; I want to know their business plan. I'm an economics-finance type of guy, so sue me. How much of the 9 mill are they spending to get how many tons of rock, and how fast can they get it? When do they plan on milling at full-force, and how will they go about selling their production?
Everything seems "as planned" so far, as each step neatly falls into place at a nice pace...the only thing that drives me batty are those ambiguous generalities that are spewed in those PR's. The conference call seems like a nice touch, but I won't believe it until I see it! Meanwhile, I don't plan on freaking out and selling anytime soon. Just my 4 or 5, or 87.5 cents (one shares worth)! |
