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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 GoldExecuteon Apr 10, 2014 1:26pm
217 Views
Post# 22435882

Depletion

Depletion   The fact of the matter is, as they mine and produce gold, pay bills (back owed contractors, consultants and Mr. Sprott) they will no longer have the asset that was assigned value rleative to the share price.  What are the actual numbers like when you use the last finacials and look at the dept to those mentioned?  

  I myself think it is one reason that BGM in the past never tried to mine BL.... Now, due to market conditons, the financial position of the company... they have no choice.  It is a matter of survival.  I know that some of the $ will go exploration, but at some point, another huge financing will need to be done.  The asset of BL will not be part of the share price as it will have gone to paying existing debt.  Just why I see that the share price is not moving! 
Bullboard Posts