Barkerville Gold Mns Ltd BGMZF

RE:RE:Company debt free on 1 July 2015.

[pigbruinmcveid]

hammer,
Interesting observation on the valuation.

I see that tsx companies with 2M oz of gold in situ are being valued on average at an EV of $8 per ounce.
https://www.goldminerpulse.com/#eq-stats

TSX/TSXv Gold and Silver Equities Statistics

The following table includes TSX/TSXv listed companies with at least 12.5 of their in situ metal values from gold or silver (in US$).

Type of Equity Metric	Producers	Developers	Explorers >5M Oz AuEq	Explorers <5M Oz AuEq
Enterprise Value Per Oz AuEq	$68	$9	$2	$8
Estimated Discovery Cost Per Oz AuEq		$12	$3	$22
Net Working Capital (US$)	$19,607M	$666M	$249M	$503M

hammer161 wrote:
Who said they were debt free after paying off Sprott? They were in debt on other fronts already. Also what money are they moving ahead on to that "brighter future"? For $15M up front you just gave up 40% of the company. Sprott must be very happy - $15M for 2Moz of the resource - that is just $7.50/oz. - a LOT LESS than most of you longs and pumpers think that BGM should get or is worth. Still happy? Any thought on tomorrows trading?