Experts all agree...BGM looks good!Jason Hamlin, Gold Stock Bull (5/25/11) "Another interesting opportunity that I want to bring to your attention is Barkerville Gold. . .I like the prospects for this company, which is currently producing 50 Koz. of gold per year. They could easily double this production in the next year or two, but the real reason for buying now is the resource updates expected in the next few months. These include BC vein data (commissioned in April 2011), Bonanza Ledge (expected May/June 2011) and Caribou Gold on Cow Mountain (expected June/July 2011). If these studies significantly increase resources, look for the share price to move considerably higher."
Ian Gordon: I think most of the companies in BC now are sufficiently advanced in terms of their exploration, and some have gone into production like Barkerville Gold Mines. So, all the permitting is in place and it's going to be very difficult to rescind it. . . Barkerville Gold Mines is probably my favorite gold-company investment at this time; I think it's very undervalued. The company currently produces about 50 Koz./year and will probably more than double that when it brings the second mill onstream. It's a very large property, which I've been on, and I think it has the potential to host a 5 Moz. gold resource. So, I'm very excited about Barkerville, and I think it's going to do extremely well. I have about 15% of my portfolio invested in BGM. More >
The Gold Report Interview with Matthew Zylstra (3/9/11) "The catalyst I expect over the next couple of months is permitting of the Bonanza Ledge property, which is a high-grade gold zone. It's a very soft ore, and I think the company would be able to process it at a higher rate, and it is actually looking to move a second mill close to that deposit. I want to see better visibility on profits or production, but I think its resource could be expanded greatly, and it has a lot of potential. . .I am waiting to hear news about [Bonanza Ledge], and I expect it would have a significant positive impact on the stock price. . .Yes, I would. I would have to go back to my models and make some adjustments [to my target price]."
The Gold Report Interview with Ian Gordon (1/3/11) IG:I really like Barkerville Gold Mines Ltd. in central BC. It's got an NI 43-101 gold resource of about 800 Koz. But, I think we are going to see that resource grow considerably when the company announces a new 43-101. It's in production right now, en route to producing 50 Koz. gold a year. It's putting in another mill, too, so it will be able to ramp-up production to 100 Koz. I like it because the management has been able to put together a very significant land position in the Barkerville camp, which was an old mining area in about 1860 and again in the 1930s, which, of course, is the time of the previous Kondratieff Winter. I think there were three mines discovered on the properties and put into production. I like the location very much; I like the idea that it's around where old mines were in production and so on. I really believe there is a potential to add significant gold ounces on the property and cash flow is pretty good, too.