OTCQX:BGMZF - Post by User
Comment by
RedHorizonon Dec 20, 2012 1:55pm
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Post# 20756833
RE: RE: RE: RE: RE: RE: RE: Gold Production
RE: RE: RE: RE: RE: RE: RE: Gold Production Bigbab:
Your post does not make sense. So they will pay $1 and then $1.35, then invest more money to "drill the s--t out of the property" so they can sell it for possibly as low as $2?
Where is the profit for them? Drilling the s--t out of the project would cost millions more so their effective price per share might go up to $1.50 or so? Why would anyone go through all that trouble, bear that risk and do the work and spend that time, for such a modest return?
I think it is obvious that Rex believes the stock is worth much more than $2-$5. You don't put up $117.5 million for the opportunity to spend more money on risky exploration drilling in hopes to find a big deposit. You put up $117.5 million because you already have 5-10 millions ounces of high grade open pit gold. JMO.
Cheers