Barkerville Gold Mns Ltd BGMZF

Osisko Royalties and investments

[Razzputin]

hopefully now the 1.39 buyout rumour may grow legs

[hammer161]

Buyout rumour? I think that the $1.39 number was an analyst's estimate of where the price could go, not a buyout rumour. And if someone wanted to buy it, why not put a 50% premium oit now and get ot for $0.57??

[gamer88]

This post has been removed in accordance with Community Policy

[chillyballs]

Silly Bugger math would say that insiders have given the company some sort of a value. If the 1.75% NSR is worth $20MM to Osisko, then 100% NSR would be worth about $1.1B maybe a little higher if you factor the higher value for the additional 1% NSR of $13MM. If you believe silly bugger math then the share price should be $2.40/share based on 450MM shares. Since I have lost track of total shares

[ittwo]

I support the +$2 valuation. the question is when do we get there.

[Razzputin]

Thank you for that clear explanation  R.

[Razzputin]

Thank you Chilly for an intelligent breakdown of information. R

[hammer161]

Silly bugger math indeed. The purchase of the NSR before the current resource, which many would feel is the first decent resource estimate at BGM for many man years, would have to be considered a risk investment. Not a certainty and not something to base a even "100% NSR" napkinn scribble evaluation on. An advanced study (PFS or FS) is much better, one that considers all economic factors

[ittwo]

A risk yes... and likely a very conservative risk ;-)

[chillyballs]

Nothing is a certainty Hammerhead... I didn't use the initial NSR value as it was 0.75% for $12.5MM. That would have been a silly bugger $1.6B valuation which was indeed a risk buy but the applied value hasn't changed a whole bunch. These guys know what's there. Hence the 'Silly Bugger' math... PFS and FS will be much more accurate but in ithe abscence of either... this is