OTCQX:BGMZF - Post by User
Comment by
yaponskion Oct 30, 2013 8:46pm
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Post# 21863813
RE:RE:RE:This is the three days that were
RE:RE:RE:This is the three days that were Halcro you say,
The loan requires three 10-month payments of 4,100 ounces of gold...from a company which produced no gold in the last quarter, produced about 30 onces of gold in the March 1, 2013, to May 31, 2013, quarter and likely produced less than 250 ounces in the last quarter of the February, 2013, year end.
That's less than three hundred ounces over nine months. "Spectacular", innit?
But I think you are missing the potential production play. Get hold of the BBoS spreadsheet that shows a ramp to 50,000 per year at all in cash cost of what maybe $800 if you count the cost of the 5 people in IR. Much less otherwise.
BGM is just about potential and the future. These bad things going on in the past are just that, the past.
Now with CETA, I expect a much bigger influx of Euros to the TSXv Junior miners. BGM will stand out like a shining beacon welcoming all Germans/ Europeans with open bags to hold their cash. Now if the price of gold would only co-operate BGM would be off to the races.
Think future. Think free trade. Imaging producing 50,000 oz per year at $800 per oz all in. Now imagine that story spreading through Europe.... and lucky for us Fred Flinestone from German is a regular here -- Fred perhaps you'd care to comment about the potential impact CETA will have on getting more Germans investing in BGM?