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Banks Island Gold Ltd BKSLF

Banks Island Gold Ltd is a gold producer with its operating mine in British Columbia, Canada. The Company also engages in the acquisition, exploration and development of mineral properties.


GREY:BKSLF - Post by User

Bullboard Posts
Post by miningmanon Aug 07, 2015 9:46pm
188 Views
Post# 23999738

I guess Im curious

I guess Im curiousas to where all the optimists on this board think the next round of cash might be coming from to resurrect this operation. How much money would you invest in a company with a market cap of less than $2 million that is carrying a debt load 10 times this value.?? The only possibility I could see would be Debtor in Possession financing and every time I have seen that applied to a mining company, it ends up real badly for original owners / stockholders.
Bullboard Posts