Barkerville Gold Mns Ltd BGMZF

RE: RE: RE: RE: RE: What's Up????

[ganja50]

This is clearly the final capitulation phase, not business as usual.  Not sure how long it will last but when it does we could get a V-type bottom in the price action.  Investors are vomiting up their shares, which is just what you want so the decline does not last on and on.  

One way of placing a potential value on BGM is to value other, easier to evaluate gold entities that are still somewhat in the same  space and judge at what percent of true value they are selling, then apply the same metric to BGM, assuming the market has placed them at the same discount to value.  Crude methodology, but perhaps telling.  Using this approach I would say BGM is worth at least 3x current market, perhaps 4x.