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Barkerville Gold Mns Ltd BGMZF

Barkerville Gold Mines Ltd is a Canada based company operates in the business of Gold. It is engaged in the production and sale of gold, and the exploration, development, and acquisition of mineral properties in British Columbia. The mineral tenures cover approximately 2,000 square kilometres. The company primarily holds interests in Cariboo Gold Belt District, Island Mountain, Cow Mountain and Barkerville Mountain.


OTCQX:BGMZF - Post by User

Bullboard Posts
Comment by ovison Nov 28, 2012 1:03pm
216 Views
Post# 20655625

RE: RE: Intenwash

RE: RE: Intenwash

bigbab, I can see that the discussion long term is going to be about a fair valuation on an per ounce basis. This is the right discussion to work now since this is a topic that many opinions may arrive at a better estimate. On the resource estimate, clearly Snowden will get the right answer since their number is what will drive the market IMO.

IMO your $100 to $150 per ounce would be reasonable if BGM was a producer. But its not a producer, at least not a producer on the bulk of its deposit. Looking at the capitalization picture and technical report status on CM, I'd argue that valuing BGM as an explorer will the direction the market leans.

I just came across a useful page showing yesterdays market valuation of gold explorers, developers and producers.

https://www.goldminerpulse.com/gold-mining-valuations.php

The bottom table, for explorers, shows a range of $1 to $62 as what the current market is paying. IMO the Paramount Gold and Seabridge numbers set the target range for BGM -- i.e. $7 to $34 as the price range with my expectation that the target is going to be closer to Seabridge number of $7 although I would adjust upwards based on the utlimate grade Snowden signs-off on.

Not bashing here. Just reading the market and starting the next important debate for BGM IMO.

Bullboard Posts