OTCQX:BGMZF - Post by User
Comment by
halcroon Sep 09, 2015 10:47am
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Post# 24088839
RE:RE:RE:Gold price edges lower as rates rise looms large
RE:RE:RE:Gold price edges lower as rates rise looms largeOh, my. Gold down to 1110.80 (U.S.).
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And no-flies-on-me 2176435 Ontario Ltd seems to have settled NEXT YEAR'S 4,167-ounce payment at $1,600 (U.S.) per ounce, instead of $1,200 (U.S.) per ounce.
Adding the strength of the U.S. dollar into the equation, that 4,167 ounces at a premium of $400 (U.S.) per ounce is $1,666,800 (U.S.) at $1.3221 is $2,203,767...or 8,475,678 29-cent BGM shares.
As director Ian A Gordon wrote in August on the LongWave website,
"Naturally it has been a distinct pleasure to share our economic and financial insights with you on a regular basis. We wish you good fortune with your investment strategies in what we predict will be a very troubling future.
Read more at https://www.stockhouse.com/companies/bullboard/v.bgm/barkerville-gold-mines-ltd#KUfgvmpyxAxjgCmX.99