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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.


OTCQX:BGMZF - Post by User

Barkerville Gold Mns Ltd
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Comment by yaponskion Oct 09, 2013 5:38pm
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Post# 21804750

RE:RE:The Bank of Frank

RE:RE:The Bank of FrankLucentio,

Can't say for sure on the BGM gold loan deal as I haven't read it detail, but failure to deliver on a gold loan often does involve a company losing the mines it pledged as collateral for the loan.

A recent example was White Tiger (aka Century) which lost a mine in Quebec and in Peru when it failed to deliver a gold loan payment.  I can't imagine Sprott would be so kind as to write a kinder and gentler gold loan agreement favoring the company -- i.e late payments can be paid with paper....
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Dealroom for high-potential pre-IPO opportunities