"They have never mined even close to 14g/t since they never include the roadway developments and the 14 g refers to in the vein, not the mined quantity."
Correct which is why as I said in the first postbeofre being misdiagnosed as a hopping cripple "mine for grade drill for structure" ......which prevent dilution. Anyway thats Les Davis from Silverlake's quote not mine he is a miner I am not. Interesting to see BSM in its revised mining plan hopes to prevent dilution and will also be mining a 20% lower tonage per annum, maybe part of that is less drive (roadway) development ore which tends to be lower grade as you mentioned being processed, just guessing. KBL has been putting out some great tonnage figures in its recently opened Mineral hill mine but I am guessing at the end of the month the quarterly wont be looking to hot due to the value per ton being around half what BSM has. However the share price has been rising because it seems punters only look at tonnage untill the prorverbial hits the fan with the financial results with just about any newly opened mine -iron ore- goldie or coal.
BSM Price at posting:
8.9¢ Sentiment: None Disclosure: Held
