OTCQX:BGMZF - Post by User
Post by
GoldExecuteon Jun 29, 2013 6:51pm
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Post# 21581636
Sale of BGM - Market Reality
Sale of BGM - Market RealityLooking at the financials and seeing the current deficet that has accumulated to this point, it looks like that by year end it will have accumulated something in the neighborhood of $15-20 million dollars of debt to creditors. Assuming they keep on all the IR guys, keep up Franks salery and others. How about the way in which you pay for all the new assays, new drilling, and companies that do the 43-101's, and other reports. What should this comapny sell for. Only a little over 1M oz's that are indicated ( Hate to say it, but it will cost significant $ to turn those infered over to indicated).
Lets discuss industry peers.... Comapnies in the Junior sector that have cash on hand and major indicated oz's ans see whAT THEY MAY BE VALUED AT CURRENTLY. Obviously, BGM can't keep digging a hole (Pun inttended) with out major cash.