RE: Question dkolish,
IMO the most important thing for investors is to figure out what would be a fair per ounce price for BGM. The points you list are all a bit ouf the control of investors, although a few complaints may stir something up. Still, stirring something up is unlike to be help when the CTO eventually lifts.
I provided some links to market based valuations of producers, developers, and explorers. The valuations are by the current market and not anyones fancies. The discussion points should first focus on whether the market is likely to value BGM as an explorer, or as a developer, or as a producer. If you look at the metrics, My expectation is that the market will value BGM as an explorer.
Newfie, argued that BGM should be valued as a producer but I don't see the metrics supporting this arguement. First of, the main deposit that BGM holds, i.e. Cow Mountain, hasn't even reached the scoping study stage, and the other resources BGM holds are potentially rounding errors relative the CM resource. So, sure if you were selling BGM today and ignored CM then I could see some arguement for valuing BGM as a producer or at least as a developer (since there hasn't been production for the last 6+ months). But given CM is likely to be bulk of the BGM resource (I agree with Bigbabs that 2M is a reasonable lower bound) then I think my arguement for saying Mr. Market will value BGM as an explorer will preveal. There are several other arguements against BGM being valued as a producer that I'll go into if there is interest in this discussion point....
The beauty of this discussion is that it preps everyone for what to expect from Mr. Market on the day the CTO lifts. If prices are above a reasonable fair market estimate then trade into it and if well below fair market then buy the dips.
The day is won by he who is prepared. Figuring out fair valuation for BGM on a per ounce basis is IMO the most productive issue this board could address while waiting...