OTCQX:BGMZF - Post by User
Comment by
pigbruinmcveidon Jun 09, 2015 5:30pm
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Post# 23813074
RE:RE:Funny as hell!!
RE:RE:Funny as hell!!Given the type of nuggety deposit with past mining, this market will not be interested IMO until there is at least a good quality PEA to address the issues you and others have raised.
The current financing would not IMO cover a PEA on CM. And to get really serious on CM is going to take probably close to $40M to get to a FS stage if that even makes sense in current market conditions.
Plus this is the additional factor of so called 1st nation lands. Remember New Prosperity, got to the PFS stage but no further because of so called 1st nations. And CM and New Prospertiy are not that far apart are they.
But still Sprott sees something and that makes this an interesting play to watch. Definitely interesting now. What is the ulitmate thinking from Sprott?
hammer161 wrote:
Chilly - No to re-read the latest news release - we all understand that shareholders got pounded up the hoop with 50% dilution and got NOTHING for it. Another 5% or 6% dilution to come IF the pp is filled. The observations about technical deficiencies in resource are very valid and as GE has pointed out a reason why no take out has happened yet. A company like Agnico probably took a look but decided instead to take out a junior with a project in Mexico that did not even have a resource for $170M. Tells you something - but each to his own.