Comparison of BGM and FAU Take a look at FAU.v. Fire River Gold. Another company like BGM that is re-working an old mine.
They hope to produce 35000-40000 ounces in 2013. They HAVE PHOTOS too of all their mine and pictures of poured gold.
Oh... wait... what are they trading at? 8 CENTS..... Yeah they have 3 times the number of shares of BGM.
So what does that make BGM worth? 24 cents when it starts trading?
Why is there not more mention of the
Lhtako Dene First Nation
Bakerville had signed a project Agreement with the First Nation in relation to its Bonanza LEdge and Cariboo Gold Projects. How much money/share goes to them?
This following quote comes from Barkerville's website
"In September 2010, commercial production at the QR Mine began with the pouring of the Company's first gold dore bar and continued until December 2011 when the mill was shut down for seasonal maintenance and to prepare for Bonanza Ledge ore processing subject to fulfilling all conditions under the permits.
This is from a news release posted by Barkerville on Dec. 6, 2011
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Approximately 73,000 tonnes of ore per year will be produced at the Bonanza Ledge Mine, for a current mine life of four (4) years. The average grade is approximately 9.05 grams per metric tonne (or approximately 0.264 ounces per short ton).
So is this 73,000/0.264 ounces per tonne = appox 2000 ounces of GOLD. Is that it? There is mention later on they hoped to mine up to 300,000 tonne per year . That would make it approx 8000 ounces of Gold per year from Bonanza Ledge.
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Yet on the following press release that hoped to mine 10,000 ounces
June 6, 2012
Vancouver, BC -- Barkerville Gold Mines Ltd. (TSXV: BGM) (the “Company” or “Barkerville Gold”) is
pleased to provide a corporate update regarding its QR Mine, Bonanza Ledge, Cow Mountain and the
Cariboo Gold projects.
QR Mine and Mill
On May 29, 2012, the Company submitted a mine plan to the Ministry of Energy and Mines (“MEM”)
to mine an anticipated and additional 10,000 ounces of gold at its QR Mine. Mining operations at the
QR Mine have been on standby since December ,2011 when field conditions, together with the
completion of the Company’s then contract with miner, Procon Mining and Tunneling, left the
aforementioned target unmined.
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https://www.newswire.ca/en/story/990759/west-vancouver-man-must-pay-15-000-for-filing-materially-false-documents
- former director up until he resigned from Barkerville on June 13th.