Barkerville Gold Mns Ltd BGMZF

Metals & Mining Industrial Metals & Minerals

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.

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Barkerville Gold Mns Ltd

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Comment by RedHorizonon Jan 16, 2013 12:42pm

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Post# 20845594

RE: RE: RE: RE: I urge the Pumpers on!!!n

The Galway deal was announced on October 18- or 19 of 2012. 3 months ago. Has the market declined so much since then that the valuation on that deal is no longer relevant? I don't believe so.

However, I certainly would not want BGM to sell the company or Cow Mountain now. Gold Sentiment is very low according to Hulbert. He says gold newsletters are currently slightly NET SHORT (-6%). Back in 2010 Goldcorp paid $650/ounce for Andean Resources which had no infrastructure, and is in Argentina which is a questionable jurisdiction. At that time the sector sentiment was bullish. So ideally the board should wait until sentiment and valuations turn before selling.

Cheers

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