RE:RE:RE:RE:RE:RE:Brent Cook's Investment Conclusion on BGMWell Cog, if you look at all of the TSX/TSXv developers and explorers you'll see that the market is paying roughly $2 to $9 per in situ ounce.
Given that CM does not even have a mere scoping study, I'd say BGM s/b valued as an Explorer close to $2 per share. The full stats are available at
TSX/TSXv Gold and Silver Equities Statistics
The following table includes TSX/TSXv listed companies with at least 12.5 of their in situ metal values from gold or silver (in US$).
See
https://www.goldminerpulse.com/ And if you work out the EV on BGM at yesterday's close it is rough $9 per ounce.
So, not much upside left for BGM in current market but lots of down side, especially if Goldman Sachs is right and we see $1000 gold at the end of 2016.
Personally, I'm waiting to see where the current gold rally ends -- the run up has been very impressive so far so maybe there is a game changer being setup. I mean the gold price levels are up enough to start thinking the impossible -- gold bear may be ending... :)
Now I bet a few fat uncles have their fingers crossed for that wish to come through :)