OTCQX:BGMZF - Post by User
Comment by
tycoon777on Jul 11, 2012 2:15pm
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Post# 20103212
RE: What do you think the price will be?
RE: What do you think the price will be? if this thing comes out and is actually 10 million ounces the share price is headed for $5 dollars plus in a hurry. All warrants will be exercised and give the company about 20 million bucks in the bank. And fully diluted shares will only be 130 million or so. Not bad. Even at that the market cap would only be 650 million and for 10 million ounces that is cheap in my opinion. I think then a major would come in at around the $8 to $10 dollar range which would be giving credit for gold ounces at the $80 to $100 dollar level for gold ounces in the ground. None of this takes into consideration that these guys have two mines and permits to begin mining. If it comes out that this is a hoax then we will all be screwed. But i believe this is the real deal here according to past drill results and historical drilling and mining.