OTCQX:BGMZF - Post by User
Post by
sqquishyon Jun 22, 2012 2:05pm
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Post# 20044991
Estimate Question
Estimate Question "A company was just taken out about 60 miles away as the crow flies from where we are - Richfield Resources. They were just taken out at $550 million market cap at about $10 a share last month . They were reporting 4 million ozs inferred and indicated and they own 72% of it. The grade there is about 3/4 of a gram. Our cut off is much higher than that and we expect to have - this is a bit of a forward looking statement - we expect to have more ozs than that." Frank Callahan May 10, 2011