RE:RE:RE:RE:RE:RE:Gold show in Zurich starts Nov 4th....
Even more unfortunately, the first $15 million that BGM raises (no matter where) is, according to the Sprott loan terms, hypothecated to Sprott.
Of course, IMO, that's a moot point, as I can't see how BGM can meet that first 4,100 gold instalment which is due Augustt 8, 2014.
Agreed. Sprott gets $15M off the top. No question.
But it doesn't matter if BGM pours any gold befor August 2014 if BGM can arrange a PP in Europe for much more than $15M.
And as I understand it, copies of the BBoS spreadsheet, the one showing $800 per ounce all in cost of production and projecting 60K ounce per year, is now circulating in German and probably much of the rest of the EU.
Well the Euros know a deal when they see one and they love gold as well. So buying gold in the ground that can be produced at $800 per ounce for a few $s an ounce, is well irresistable.
How long before we get news of a massive PP in the EU? Before August 2014 I expect.... so it is all good. No it is all absolutely great... well, ok the BBoS in thong, that is just plain disgusting... but there you have it...