Spoke with IR today and there are a few ?'s So I spoke with IR today and there are a few very good points and questions that must be considered.
1) Why didn't Brent Cook and Quenton phone Barkerville Gold and ask some questions before posting their outlandish comments? If they truly wanted answers they could have simply called and had them clarified. Not one call was made to Barkerville FACT. They did call after they released their write up. HMMMMM this doesnt make sense. Stinks of people trying to make a name of themselves.
2) Barkerville will not comment on any of these statements made due to their lawyer advising them not to. They will however during the 43-101 address pretty much all of these so called red flags. Except for the management change items which have no business being in a 43-101.
3) Peter George is very upset. People now have tried to drag his name in the mud twice now. He is going to make sure that everything is there in the 43-101. Nobody likes their name being tarnished as Brent Cook and Quenton have tried to do with their paid subscription web page. Management has told me that the best idea will be when they come out with their 43-101 is to have everyone email Brent Cook and complain like hell as they have tried hard to ruin a mans reputation as well as a companies growth. The real ones hurt are the small shareholder When he final details are released there will be enough information to make all of the facts as clear as day. No grey areas or "smearing of numbers"
4) warrants are coming in at a good pace. Company is getting cashed up and will be self funded going forward with either QR or Bonanza ledge production this year. Guestimated start time of 6 to 8 weeks.
5) Plenty of news to come after the 43-101 ie drilling and tailings pond preparation then production.
6) Newmont is going thru the numbers already of Barkerville. Dont be surprised when a bid is made. You have heard this how many times in news releases or paper articles lately. There is no secret here who the interested buyer is. When the 43-101 is released with all the information as to how they came up with their numbers the clarity will be a clear as can be on our end. From Newmonts side they are not even counting on our 43-101 They are going thru the numbers for themself and coming up with their own estimate. They will buy using only their information. Dont be surprised if heavy buying comes into the market while we wait for the 43-101 and it may just be Newmont.
7) Management makes a very good point that everyone is forgetting here. Barkerville has two existing Mills in place as well as the infrastructure. To build this infrastructure it would cost approx 100 million dollars. This basically covers our market cap today. So everything else is free. Management believes we will see this stock past $10 once the 43-101. Not my opinion but Management/IR
So theres some information to think over.