RE:RE:RE:RE:Osisko action"and you also if you would only invest in BGM rather than bashing it"
The RedRocket has played this like a piano...up and down, short and long, for the last six months, and has likely made a killing. But he hasn't invested for the long term, the daily/weekly swings have made him richer.
You see, Chilly, BGM doesn't produce anything. It used to, but the all-in cost was around $2,000 per ounce. Even with Canada's weak dollar and the strong U.S. dollar gold price, gold at $1,663 Canadian per ounce is still $337 below the last all-in production cost. Either the U.S.D price of gold has to go up by 20 per cent to $1,492 or the Canadian dollar has to fall by 20 per cent to 52.8 cents compared to the U.S.D. for it to crack that production cost of $2,000.
BGM's action since Feb. 1, 2016, has, IMO, been all hype and hope, not bearing any relationship to the value of in-situ POG or any other reality based benchmark.
Meanwhile, Claude Resources-CRJ (a tightly run gold producer), has risen 27.4 per cent since Feb. 1, 2016, on increased production, decreased costs and higher gold prices.
Ditto for Centamin-CEE. Up by 39 cents (22 per cent, from $1.38 to $1.77) since Feb 1, 2016.
BGM share price sustainable?? IMO, not a chance, until some production comes in demonstrating lots of ounces processed at below the cost of production.
CRJ and CEE share prices sustainable? Yes, as long as the POG and exchange rate remain stable.