OTCQX:BGMZF - Post by User
Comment by
Rollercoasterblueson Feb 11, 2016 12:44pm
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Post# 24548452
RE:The Ole Bait and Switch move.....
RE:The Ole Bait and Switch move.....Gold's last run out of the recession went from 2008 to 2012...3-4 years from $600 to 1900 or about 333% run over that time. If we say that this next run plays out in somewhat similar fashion either somewhat lesser or somewhat greater......expect gold to move up 100% to 2019-2020 on the minimum and perhaps as much as 500% on the high end but not out of the realm of possibility given that this will be the last leg of a long term 20-25 year trend on a gold bull run...which is normal so we are looking at an expectation (if this all plays out??)....gold being $2000 conservatively to $5000 speculatively by 2020? Do people understand why the company insiders were buying their own stock at cheap prices while the herd was looking the other way? What does this mean for BGM......a valuation of somehere between $1-2 billion at $2000 per oz and assuming only a 1-2 million oz resource?........so a price of $4++?????? per share........lets cut that in half from further dilution but proven up the resource to 2-3 million ozs (conservatively) and we get 500milio share dilution at $3-4 billionish resource value now meaning $6-8 per share conservatively?
Am I dreaming? Time will tell I guess....but in the meantiime, I hold to find out!