I am a bit confused. BTDG reported in their press release that there were 1.5 million ounces of gold reserves.
The 43101 report does not refer to reserves. In fact in one section seems to indicate no drilling has been done on the specific property. I looked up also the SEC Guide 7 on their website. It says reserves can't be reported without a feasibility study.
Is there anything that supports the 1.5 million ounce reserve quote ? Did I miss something ? If CEO has no support for that information shouldn't he report the error promptly ?
- If you can show that BTDG has anything credible that shows 1.5 million ounces of gold reserves I will place a bid for 100 to 200 million shares for BTDG stock. Fair enough ?
On the other hand the claims apparently in a mining area and may indeed have some potential for wildcat discoveries. I do not know how one validates the potential, maybe CEO is in process of doing this or has done.
Perhaps you or another person can also explain the property which I don't understand. Does the report cover the claims that BTDG has purchased ? If it does then that negates the claim for reserves. If it does not , then why was it posted ?
I am trying to be objective, and appreciate your positive attutude. Thse are very basic questions for an investor to evaluate the value of BTDG and the management skills of the CEO.
Also, there must be some annual property taxes on the claims. How will BTDG pay for these ? Have the claims been legally transferred to BTDG's name ? The CFO seems to struggle with basic financial statements , can she handle the extra paperwork ?
Or the claims could indeed be very valuable. So in your opinion does CEO's track record show success at fund-raising, developing revenue,properly disclosing material facts,administrative ability , etc ? Or is his lack of success always someone else's fault ?
