OTCQX:BGMZF - Post by User
Comment by
hammer161on Nov 28, 2014 5:43pm
153 Views
Post# 23175888
RE:Valuation overly simple
RE:Valuation overly simple
The only problem with this is that your value of $50 in the ground is off by least $45 under current market conditions and given the low quality (inferred) of much of the BGM resource. Turns your valuation of $3.33 into $0.33 - not far off where it is now.