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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 Nov 22, 2013 4:28pm
160 Views
Post# 21933372

RE:RE:RE:[Accountability]

RE:RE:RE:[Accountability]boss,
Can BGM even mine 365 days a year?

I would be surprised to see a startup as we approach December as that would be going into the heart of winter.

Sure the mill could run to process stockpiled ore, but new mininig in December? Doesn't sound right to me... and how many days of stockpiled ore is there anyways... why start the mill if ore supply isn't good?

If BGM delivered 12 months of continuous production, with growing # of ounces per quarter, then the company might get a much larger look from potential investors, especially those in the Euro zone looking for gold mining stocks.

Regarding the POG, I do expect that there will be days next year (not saying if that is 2014 or just next year) where we are going to see a $200 to even $400 in POG. The key brick for that to happen has started with the PBoC announcing that they are halting addition to foreign reserves. See https://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/11/22_Money_Supply_Skyrocketing_As_China_Abandons_US_Dollar.html (Money Supply Skyrocketing As China Abandons US Dollar).

ok that is pretty off the wall stuff but I do like Michael Pento so it is IMO worth considering. Apparently China is also now buying oil in its own currency based on agreements with Russia and Iran. This was known a couple of days ago and both days since China announced dropping the US dollar for oil purchases, the Brent price was up 2% and then another 1% today.

Interesting times are coming whether you want interesting or not...
Bullboard Posts