joe,
The point that I have been making, is that it appears that there will be no feedstock, for the mill come the new year. To get from drill results to production planning, let alone production is a long process, and I am not aware of any such endeavours, except in the Flex Zone. The grades there are equivalent to the ones you mention, yet there is no indication that they can be economically mined.
You have to remember that approximately $5,000,000 of any new money would be needed to clean up the balance sheet (temporarily at least), and the rest if there was any should then be used to identify economic orebodies. The higher the price of gold, the more chance you have of doing that.
I am not a geologist, so I cannot dispute, the potential of this vast amount of real estate that BYG has accumulated, but from a financial analysis perspective, looking at plant capacity, cost to produce, and shares outstanding, I see nothing positive, unless there is a huge explosion in the price of gold.
Sincerely,
Al Cern |
