OTCQX:BGMZF - Post by User
Comment by
halcroon Feb 08, 2016 10:59am
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Post# 24535373
RE:Brent Cook's Investment Conclusion on BGM
RE:Brent Cook's Investment Conclusion on BGMtommyhump wrote: In last night's Exploration Insights, Brent Cook shared his investment conclusion on BGM. He shared the excerpt with CEO.CA readers. Link here: https://goo.gl/h35fg5
"...BGM is not a stock I intend to buy, at least not until the new and improved resource estimate is released. There are too many moving parts, deposits, royalty and streaming deals to account for, a plan to generate free cash flow mining the remnants of the Bonanza Ledge underground and possibly open pit, and in fact an updated feasibility study in the works. BGM may be a good speculation but it is not one that Joe or I feel we can come to terms with (value) without an extensive review and site visits. I think our time here at EI is better spent on cleaner situations..."