SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : JAB International (JABI) -- Ignore unavailable to you. Want to Upgrade?


To: Martin Wormser who wrote (253)10/21/1997 12:07:00 PM
From: virginijus poshkus  Respond to of 4571
 
Martin, lack of gray matter.

vargas



To: Martin Wormser who wrote (253)10/21/1997 11:34:00 PM
From: DDS-OMS  Read Replies (2) | Respond to of 4571
 
Martin,

Dont you have a copy of Keewatin Engineering's executive summary dated May 15,1991? They also cite a study regarding ore reserves done by Nealon and Associates done in 1986. Nealon was the one that said there was 133,500 tons in recoverable pillars.

Your next question "why weren't they mined years ago" I assume you mean why didn't BCMD mine them? That was the FIRST question I asked after studying documents sent to me upon inquiring about the last private placement. Honestly, never got a satisfactory answer. MY assumption is that all capital raised by Chapin went to litigation as the first priority was keeping the claims--mining them was secondary to company survival at that point.

Cant answer your question about wasting time on placer vs these BC pillars--maybe Al's legacy?? That 1991 report clearly showed ore assaying as high as 273 ounces per ton--but both Keewatin and Chapin cautioned that the overall content would be .5-1.0 ounces per ton average.

Still, Martin--all of this is history--none of it determines BCMD's future price. Past mistakes (if in fact they were) are past mistakes, dont we have to live in the present and hope for the future--forget the past--its over. If your alleged mistakes affected the price of BCMD's stock up until last week--IMO, it doesn't affect it anymore.

Regards,
Gary