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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
Post by yaponskion Dec 19, 2013 5:39pm
198 Views
Post# 22024490

High Grade Gold, Fully Permitted, Mill, On Grid, access

High Grade Gold, Fully Permitted, Mill, On Grid, access

I see that Claude Resource has sold off their Madsen project in Red Lake for roughly $3 per ounce of gold.

https://www.newswire.ca/en/story/1283063/claude-enters-into-agreement-to-sell-madsen-gold-project

The Madsen project is fully permitted, with a mill, excellent roads and hydro on site and close to 1M oz Indicated.

So how much do you think BGM's resource is worth relative to that benchmark? Roads? Hydro on site? Plus permits in hand has to be worth a bit of premium when you consider the costly delays at New Prosperity.

Assuming the pluses balance out the minuses (Cow Mountain has huge potential) but no permits and other factors, puts BGM fair market value at 15 cents roughly. With a close at 41 cents, I guess BGM holders should consider it a very merry xmas offering indeed. Not as much as you might like but my what a brutal bear market we have out there... and there is no end in sight is there.

Bullboard Posts