OTCQX:BGMZF - Post by User
Post by
tallestdudeon Aug 26, 2014 5:02pm
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Post# 22880139
Imperial's got a billionaire backer, just like BGM does!
Imperial's got a billionaire backer, just like BGM does! III had $75mil still to draw on their existing credit line with their billionaire. He just sweetened the pot $25mil in order to get the tailings dam rebuilt within 21 days, and the clock is ticking. The Red Chris project is needing some extra funding as well, since mine costs have risen from $570mil to $631 mil. So, billionaire buddy makes a few calls, and more money comes tripping in to keep Red Chris on track as well as the silt and debris overflow dealt with. The world hasn't come to an end for Mt Polley.
We got Sprott who's been funding BGM since wet bulk sample on COW. I have no doubt ES has plenty to spare, since BGM is already an ongoing PRODUCER!