OTCQX:BGMZF - Post by User
Comment by
tenbaggerson Sep 28, 2017 4:00pm
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Post# 26755504
RE:RE:RE:Financing Closed
RE:RE:RE:Financing ClosedTo the earlier question - I think the biggest thing has been mopping up the new shares from this financing and reestablishing the equity base. (Which we are now super close to end of) The questions here have very little to do about there being a potential lack of fundamental value. (Best kind of problem to have)
In regards to Cognitions comments on yearly updates - this makes a lot of sense. Its going to take a TON of drilling to flesh out the district (And as a byproduct move the resource estimate to 10-15mm OZs) - which btw is what the analyst at Industrial Alliance put his eventual property-wide estimate at. And 10 is where the last team got smoked for saying..
At this midpoint here of 12.5mm OZs, we are currently trading @ ~$25/OZ