Barkerville Gold Mns Ltd BGMZF

Metals & Mining Industrial Metals & Minerals

Barkerville Gold Mines Ltd is a Canada based company operates in the business of Gold. It is engaged in the production and sale of gold, and the exploration, development, and acquisition of mineral properties in British Columbia. The mineral tenures cover approximately 2,000 square kilometres. The company primarily holds interests in Cariboo Gold Belt District, Island Mountain, Cow Mountain and Barkerville Mountain.

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Barkerville Gold Mns Ltd > Brent Cook's Investment Conclusion on BGM

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Comment by Cognition777on Feb 08, 2016 6:55pm

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Post# 24537531

RE:RE:RE:Brent Cook's Investment Conclusion on BGM

I suggest that our SP appreciation lies in the timely progress of the current mgmt to execute their targets for 2016.
Currently, the market has priced BGM's Indicated resources (2.8m oz) at $26/oz. As a rough comparison, the market has priced Asanko's gold at $60/oz. There are many differences between the two, (AKG is a year or two ahead of BGM's evolution) but some comparisons are useful as a measuring stick...
AKG Reserves = 7.9m oz @ 1.7g/t
BGM Reserves = 2.8m oz @ 2.4g/t or more importantly,
BGM Reserves = 1.3m oz @ 11.53 g/t (if mgmt selective mines the Cow ore as suggested in several previous communications and slide #16 of current presentation on website)

If BGM can truly start producing gold in Q3 2016 from Bonanza and then BC Vein as planned, because that ore is 8-11g/t we will easily head north of $.50/ SP on the momentum and validation of the new mgmt alone.
Adding resources through the infill drilling campaign currently underway, as well as greenfield exploration underway, will only take up higher than that.
We don't need $1200 gold to increase SP, but it sure wouldn't hurt!