Barkerville Gold Mns Ltd BGMZF

RE:RE:RE:RE:RE:It's only money

[halcro]

Correction

halcro wrote: or else assets on the balance sheet.

LSG, recently negotiating with Tahoe, has been offered what was estimated, on 2016-02-08, to be a $945-million paper-for-paper swap. SW indicates 463,222,879 LSG shares outstanding.

LSG recently announced 2015 production of 179,600 ounces, with an average grade of 4.4 grams per tonne, all-in costs of $950 (U.S.) per ounce and an average selling price of $1,164 (U.S.) per ounce.

LSG's latest financials (Sept. 15, 2015) show assets of $664.6 million, liabilities of $155 million, and nine-month net earnings of $13.2 million.

BGM, as of its nine-month financials dated Nov. 30, 2015, has total assets of $36.4 million and liabilities of $12.2 million. SW indicates 246,192,168 shares outstanding.

To increase BGM's net asset base from $24.2 million to LSG's net assets of $509.6 million would require financings of $485.4 million, which would be the equivalent of 1,516,875,000 more shares (BGM has issued 43 million 32-cent shares since Nov.15, and Osisko will be providing a $25-million NSR, which is equivalent to 76,923,000 32-cent shares).

Only 1,396,952,000 shares or share-equivalents to go???