Barkerville Gold Mns Ltd BGMZF

RE:The resource and the ummm "upside"?

[pigbruinmcveid]

Interesting post GoldExec.

Seems to me that Sprott taking out the company at 30 cents tells me that at least Mr. Sprott beleives in the huge potential of CM. Otherwise, he could have waited for bankrupcy and then puchased at a much lower price. He didn't so it tells me that he was worreid that a major or a Chinese company would start a bidding war at the bankrupcy sale.

I suspect Mr. Sprott choose to pay a high price to avoid the bidding war. Of couse we all remember the story of Mr Sprotts visit to CM and panning for gold. Perhaps someone caught a bit of gold  fever. Has been known to happen in the hills of BC.

Now it all hinges on the ground truth around CM. What will a real PFS show? 

Anyone have any speculation on just how long curent holds will have to wait to get a CM PFS or PEA?

GoldExecute wrote: I keep seeing people talk about this cow Mtn Resource from the last report.  If people had a clue, they would see what the majors see in this... or the lack there of.  This last report had virtually no geologic cotrols applied to it.  No structural model, no historic mining worked into the model and no wire frames of the ore bodies.  This report was almost nothing more than a statistical exercise.  A major will see right past this incredibly weak report in my view.    I have no doubt that an ore body exist at CM, but it needs to have some serious Geologic modeling to actually tell a future opertor what is really there.  I challenge any long to contact the current management and ask them to send an email back stating that they think the current resource is valid and will stand up to geologic structural control modeling.  Try it.... See what they say.  I don't mean someone from IR, i mean the VP Ex, or other senior manager at BGM today.