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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 Feb 28, 2014 2:42pm
101 Views
Post# 22265729

RE:Who was that fool???????????

RE:Who was that fool???????????

halcro wrote: Not the run-of-the-mill-fool, but the one-of-a-kind fool who suggested yesterday that the stock would run to $1.34, would stay there for for 10 consecutive trading days, and Sprott would be forced to pony up $5 million?

This really is the Bullboard for Dummies!!! Thinking that Sprott would pay $1.34 for shares when there's a PP in the works at 50 cents!!!



Too true. Bullboard for Dummies!!!

But I see that BGM still has some juice left to think it can go for $10M at 50 cents a share.  Impressive, if I say so myself.

Still what can you do with $10M in mining these days? Pay your staff sure. Pay for a Feasibility Study... doubt that... talking something closer to $30M for that. And ramp a mine on a property with 5M oz of Inferred + Indicated? Please try something north of $100M and then we'd be talking... but raising a $100M plus say $20M to clean the current balance sheet could maybe be done at 5 cents, maybe less to be followed by 20 to 1 share roll back.
 

JMHO... 

Bullboard Posts