RE:RE:RE:RE:Interesting Sprott's Thought's tonight misterbill1 wrote: It'd be nice to share thoughts without attitude Halcro. The message was an invitation for board discussion, not an endorsement.
So no worthwhile BGM assets, anyone else?
BL almost done with mill, too small for Cow....
Bill, when people talk about asset swapping/valuation, then it's sensible to look at the assets and their value.
BGM has three types of assets, which are:
1...tailings ponds, in three places
2...mills, in two places
3...mining properties, in two places
All are, with the exception of the tailings facilities, separated from each other by a minimum of 100 kilometres.
One mill, in Revelstoke is mothballed, has been for years, and the company values it for spare parts. The other mill, in Quesnel, is supposedly on maintenance at present, and it's dependent on ore from the BL mine.
One mining property, in Quesnel, is an underground facility which, according to a December 1, 2014, audit, is being used to store tailings products pumped into it.
The other mining properties are in Barkerville; are in an area of First Nation interest; really have not much in the way of permits, PEAs, feasibility studies, etc.: and are likely years, and hundreds of millions of dollars, away from being put into meaningful production. The only ore-producing property, the BL mine, is dependent upon the QR mill to process its ore when the BL is producing ore.
As a whole, they're not proven themselves to be moneymakers. Individually, on a stand-alone-by-asset-type basis...ROTFL.
Them's is the facts. Bre-X has ignored facts since he came onto this board in August, 2012, and his attitude is, IMO, a devil-may-care, it's gonna-be-all-right-Jack form of sugarcoating.