Barkerville Gold Mns Ltd BGMZF

RE:Sprott owns 7.8M shares & 9M warrants

[yaponski]

bigbab wrote:
THEREFORE , If production does not happen, BGM is on the hook for the first payment of 4166.7oz @ 1285 =   5.3M  dollars ........

How hard would it be to raise 5.3M dollars ??  Answer : Very Easy     ...how about 20M shares @ .60 =  12M dollars ......??  

IS there a law preventing BGM from doing this? NO , something the bashing morons will not tell you .....On this worst case scenario Sprott and Rexx and other investors would no doubt step in and CLEAN HOUSE .....which would equal what?? YES a huge spike in shareprice as new mgmt comes in.......

SO 
A) production commences and shareprice rises dramatically (and yes friends open pit mining at 7-8 g/t is an entire different animal than underground 3g/t mining)
B) production does not commence and Sprott and Rexx clean house and shareprice rises.....

hey bigbab,
So, you are telling us that either this time it will be diferent and there will be production from the BL pit OR you are saying if there is a production failure Sprott is going to resue all you pre-existing bag holders. Well good luck with that...

By the way it is clear just how successful the 10 g/t open pit will be since we dont know the real strip ratio... but give that what is there are some nuggety narrow veins that the earlier miners missed, I would venture a guess that the strip ratio is 25 to 1 which knocks the existing permit it butt.... maybe that is why miners usually dont use open pit methods on narrow nuggety veins that have already been patially mined out... just saying...

But we will see what the empiror is wearing soon enough... And make sure pack that thong for your winter holiday in Cuba..