RE:RE:RE:RE:[Communication Breakdown]Boris said:
"...
My very rough SWAG on costs of getting Cow Mountain to the PFS stage is $50M (doing it on the cheap) and $250M for the infrastructure build out. Given current cash flows and state of the balance sheet, that may as well be $50 Trillion. Not gonna happen...."
Read more at https://www.stockhouse.com/companies/bullboard/v.bgm/barkerville-gold-mines-ltd#3ZOViMd5q6oQLL8F.99
Boris,
So only 50mil to get to PFS (sorry, not to say its small, but relative to the big picture, its small).
Lets say the PFS results indications are positive for operations.
The PFS (as you agree) would justify RESERVES...and would not those reserves put BGM into a much much higher valuation?
Some might suggest $5-$10 (for say 1mil res...imagine 2-5mil reserves after the PFS).
At $5, BGM is now worth over $700mil.
Now add in your additional $250mil infrastructure...its very achievable at this level yes?
I like this scenario....
So for a party to inject a paltry $50mil, the current share price would increase 10-20x....
How much money does Sprott have?
How interested would he be to see his shares increase 10-20-40x?
Now, if YOU had, or could raise, the 50mil would you jump in?