OTCQX:BGMZF - Post by User
Post by
loubastoneon Sep 23, 2019 1:55pm
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Post# 30155535
AXM.V similar proven deposit as BGM
AXM.V similar proven deposit as BGMDifference is $60 mil market cap so far on AXM, so at this value it should be priced around $2-2.5 a share. Company currently is in blackout awaiting JV news to drop BGM Bought By OSK. Same Resource Size As AXM's Passendro BGM got bought out for $338 million today (pre production) and the asset is roughly the same size as AXM. Now you can say Canada is safer than CAR, sure. But the cost of production is around $800 per ounce for BGM Vs half of that for AXM. As well, have fun dealing with the horrendous BC government politics (Look at AME, big mine stopped a few years ago in Kamloops) and then have fun dealing wtih more expensive labour, equipment, etc.