Ann: Numerous Mineralised Veins in Paulsens Main Zone, page-27

Gold trying to find this $2000 consolidation mark pre the real pivot. The markets are buying the dips every time and that is a good sign imo. This is a good place to build support as it would provide bc8 with some super tasty margins moving forward. The gold price really needs to move strongly through $2070 before the market really comes for this. So many chart people out there watching but they may miss the first small cap move. It will anticipate this. I think it’s coming in the second half of the year. Nice timing around the companies next growth move in June. We will find out.

Resource upgrade?

Bc8 spent 2 months drilling Paulsens and expanded the gold resource by 190%. They also had numerous holes left over from NST that were added to that 190% increase from memory.
When they bought Paulsens, it has an established 89k ounces in the underground. They drilled for 2 months and drove that number to 258k ounces. That means they added 169k ounces in 2 months. That is a run rate of over 80k oz’s per month of drilling including the NST results. I don’t know how that Number was split. If I was to guess that it was half and half, (trying to be conservative), then BC8 is adding about 40k oz’s per month from drilling alone. Multiple that by 3 months and that is another 120k oz’s. 258 + 120 = 378k ounces at a guess. That is an amazing run rate if it is achieved. We will only know when it hits, but that would be enough for a restart if they want a guaranteed 3yrs. They have only drilled a percentage of the 1.2km of GV known strike, so this is going to to provide a lot of high grade mine life into the future. Bc8 would do well at half that run rate, so it shows us the power of grade. All this without the offset, repeat and other known open targets.
The G-veins are very high grade and they seem to be consistently delivering since the last upgrade. These sorts of high grade plays can be more difficult to wrap a number around. I have always believed that Bc8 will comfortably hit its production numbers.
I would just guess somewhere north of 350k ounces and see what happens. Dyor as this is not likely to be that accurate. We will get a better idea of the true run rate per month as these results are bc8 drilling only. Dyor.