RE:RE:RE:RE:RE:RE:Txs for the emails Roller Respectfully disagree with you Newfie as my bankruptcy/breakup value is .51c
BL & QR = 15M
Tax Credits (130M accumulated losses over the years) = 10M
Cow Mnt 6M oz x $10oz = 60M
Island Mnt & rest of prop =
5M 90M total - 25M (15M sprott / -10M othe rpayables)
= 65M / 126M share float =
.515 That is a worst case creditor protection scenario ; now bring in a new CEO ; BL production to work off the loan and payables ; Sprott & co pumping , a sector recovery .......a solid 43-101 in Nov. and then a PEA ......
you may be right ; but the financial industry NEEDS to see who the new CEO , and the results b4 really Piling in ....... so bring on the news
fast forward one year.....
SPrott first two installments wiped away from balance sheet
other payables wiped away
new CEO , promoting a resource of 7M "indicated ounces" - taking it to the PEA level
island mountain 43-101 resource
and hopefully a gold price at 1500
this thing can be huge if placed in the right hands......
Newfie75 wrote:
We should count on some heavy resitance at lower levels before we see a march up. I don't think it will be as easy as some suggest but I think the winds of change are blowing. First step from here is paying back Sprott loan...whether that be the initial installment or more is anyone's guess. Hopefully BGM maintains production through this transitional time period.
I'd be surprised to see us get past .50 without significant news.
Loan payment NR - Ceo NR - assay results NR - production NR - and eventually updated 43-101
I'm guessing we break .50 in September.
Cheers longs