where's the gold?, page-3

Nwatt,


On the 3/5/13 you were so bullish on a decent deposit and on another post you said you and your geo mates have got 50k-100k on this and you would risk even risk 300k on this company.

What has changed your mind from the post below?

Now you rate it at a 0.1% chance.

I can understand excitement but there is a limitation to how many times i would like to read comments that suggest that there is a high chance that the size of the resource will be comparable to Morila. I'm not saying that it won't happen but imo a far more reasonable estimate is an inferred resource suggestive of a couple hundred thousand ounces to 700k and that would be a positive result. I like many others LT holders do not wish a speculation suggestive of >1Moz to be factored into the SP at this point.

While i believe its very positive that a lot of individuals are really excited about the prospect of BGS, i think maybe if they put a bit more of that effort into finding cross sections of the Morila orebody (perhaps one with grades for each drill intercepts recorded which i havent yet seen) in plan view and long sections, and perhaps adjacent orebodies/prospects; developing simple 3d model of the current drill results, i believe it would be much more beneficial to SH and discussion.

I have put my money on BGS because of three things, strong continuity of shallow results, mineralisation appears similar to Morila (not at all suggestive of a LARGE DELINEABLE resource (e.g. >1 Moz)), and most importantly to me drilling along the NNW trend of the Morila deposit. Also the probability that there is a large resource (>1 Moz) is much higher than other speculatory stock albeit still low. And i'll be selling on the day of the announcement if the results are disappointing. I can always buy back in (perhaps at a much higher price) if it becomes prospective again. Otherwise if the results are positive then i would definitely intend for a LT hold while the orebody is open in areas of reasonable thickness.

Maybe be a bit more conservative in your estimates, it is much more beneficial to LT holders in the end. While we would all hope that we could strike big, its still just a distant dream to me. Lets just take it one step at a time perhaps?

Be excited and enjoy the ride but lets not rush it.