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Barkerville Gold Mns Ltd BGMZF

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

Bullboard Posts
Comment by yaponskion Oct 30, 2013 2:08am
186 Views
Post# 21860607

RE:BGM's incredible project.....

RE:BGM's incredible project.....
bigbab wrote:

https://www.barkervillegold.com/i/pdf/ppt/Barkerville-Presentation.pdf

PAGE 9

Cow mountain resource calculated to the 1,000 foot level ONLY  , "historic workings and gold mineralization extend below that area..."(2,000 level)
That's 5M "restrictive ounces that will be reassayed and reclassified.....

PAGE 10

Resource target potential NOT INCLUDING COW RESOURCE ESTIMATE.....is 9-27M ounces by Snowden.......

PAGE 15

BL shows 102k M& I  + 70 Inf...  for a total of 172,000 ounces .....at an average grade of 7.7 g/t!!

mixed with QR ore , count 30,000 ounces per year x 6- 7 years = 15M cash flow per year , If margin is $500  ($1350 POG - $850 Cost  ) 

* no wonder Peter Tompsett the ex ceo of placer dome wanted to buy in for 40-100M dollars
* no wonder Sprott is on board
* no wonder BGM is outperforming other  junior sector gold stocks...
* no wonder N.Anderson wrote a $125,000 check for options at .50
* BGM a likely takeover candidate
* With 10M ounces credited to BGM at large , BGM currently trades at 93.5M market cap / or
$9.35 / per oz!  ......according to danny deadlock industry average is $17!
*so much upside.........................



Bigbab,
The stats on all of the TSX and TSXv suggest BGM is overpriced by a factor of 3...

TSX/TSXv Gold and Silver Equities Statistics

The following table includes TSX/TSXv listed companies with at least 12.5 of their in situ metal values from gold or silver (in US$).

Type of Equity

 
Metric

Producers
 

 

Developers
 

 

Explorers
>5M Oz AuEq

 

Explorers
<5M Oz AuEq

 

Enterprise Value
Per Oz AuEq

$72 $9 $3 $10

Estimated Discovery Cost
Per Oz AuEq

  $7 $2 $20

Net Working Capital
(US$)

$16,933M $1,979M $531M $731M
 
Of course I am suggesting that BGM be valued as an explorer and with 5M+ oz, then the TSX average price (all explorers and all developers) is between $3 (up from $2 a while back) and $9 for a full fledged Developer.

When it comes to Cow Mountain, BGM is still at the exploration stage since it hasn't even done a PEA.

So sorry, the real TSX stats just do not bear your claim out.

Bullboard Posts