OTCQX:BGMZF - Post by User
Comment by
hammer161on Nov 15, 2017 10:02pm
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Post# 26973121
RE:If Gold Prices Stay....
RE:If Gold Prices Stay....
Well Chilly then perhaps you better get out there and find a pure grass roots explorer - BGM is brownfields, drilling in and around formerly producing mines. As as for valuation at $0.67, using $25.00/ounce for indicated ounces BGM, is currenlty valued for 10Moz. And yet the only resources out there are for the Bonanza Ledge deposit and the BC vein. Not hard to see why there is downwards pressure.