OTCQX:BGMZF - Post by User
Comment by
boss_wazon Feb 08, 2015 3:54pm
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RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:About Frank's resignation
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:About Frank's resignationSo just for clarification, you see the valuation for gold in the ground at roughly $4/oz (if I calc correctly)...based on 11,000,000 total oz (your average).
Did I not just see takeovers over $50 /oz (or was it over $100/oz)...?
Dont have the data in front of me but I believe BGM grades exceeded recent examples, by 2x (although no EA yet...just spitballing).
So are you saying that buyouts should fetch 10-40x in-situ?
That seems high...