Barkerville Gold Mns Ltd BGMZF

Point of Concern

[ganja50]

What I find somewhat disturbing, and about which I have probably not paid enough attention, is that BGM, although noted as a finder of PM's, has spent relentlessly to accomplish that task.  The accumulated deficit is now over 100 mil.  If they come out with 3 mil ozs, that's over $30/oz.  Maybe not terrible, but also probably not in the upper quartile.  I think that is probably what is haunting the stock as others have suggested--constant spending and the threat of more dilution, as well as a less than perfectly honest, straight-forward approach by the CEO.