OTCQX:BGMZF - Post by User
Comment by
Sil.Don Apr 22, 2013 4:55pm
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Post# 21285789
RE: RE: Well cobalt
RE: RE: Well cobalt
12/12/2012 8:13:42 AM | | 218 reads | Post #31898283
is free entertainment. I have a buddy involved in this debacle so I thought I would do a bit of snooping around for him as I was just up in quesnel Williams Lake area on other business. First off, this stock is not trading, is broke, so one would think the heat should be directed squarely at the CEO. And since you guys have put your money up here, clearly you should and do have a rite to that. Screw IR sounds like quite the story they weave, demand to talk to the guy who signed off on the news that got you ceased in first place. My two cents, overly optomistic news to set up a financing. And the securities exchange saw through it. Now lets get to the good news, there is and will always be lots of gold in this area of the country. So little doubt the stock will be rewarded for having a claim to some very good gold, and in Quesnel its a no brainer that there is alot of gold in this area to the locals. So the plus. The bad, Well you got a trust issue with your leader, for sure, almost a wink and smile there. Secondly, a good comparison for this type of find was passed along to me by some people called Seabridge Gold. They have roughly 64 million ounces of gold now and growing. It is valued at roughly $20.00/ounce to the stock price. Pretty low, so I phoned over to Seabridge and asked why? Several reasons and really common sense applies. These areas have several draw backs, one is cost to mine, it is simply very expensive when you consider access to the areas is limited by mountains lakes and streams, and the costs go up when you realize that we have the do gooders here in BC that want everything pristine. So the value of what is in the ground in these areas typically is not worth too much, so you can use that as a value. So if you get to 80 million ounces, which I think might be a stretch, you would have a value in the ground back to the share price of roughly $1.50/share. Not bad for sure. This price may be discounted by the shananigans of being out of money and being halted for so long but is what it is, and you should chew out the grat leader that is paid so much for screwing that up. Like no more bonusses A couple more reasons this area is discounted for gold in the ground, is it can be hard if not impossible in certain areas to mine given the cliffs, mountains, and water that can be in the way, we have unsettled native issues with alot of them being in this neck of the woods, so the natives if they think they can make a buck........well you know how that goes. Also strong environmental protections in BC can make it expensive to mine, probably profitable at today's prices, but if gold went down, probably not so much. The good stuff was mined in this area way back when, hopefully you all do realize that this was part of the 1800's gold rush, heading north to Alaska, they left the stuff harder to get to. I would literally if I owned any of this be fuming mad at the CEO............simple, but you will see a report from Snowden confirming the obvious there is gold, lots of it alot of it will be hard to get to, so very expensive and some will always be, probable gold that due to costs native issues, mountains and lakes, it will always stay as probable and thus not worth very much.