OTCQX:BGMZF - Post by User
Post by
OracleOfOttawaon Jun 21, 2018 9:42am
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Post# 28204629
Food for thought
Food for thoughtDefinitely looks like some rebalancing going on, but the big guys seem to be hanging in there. We have about 440M shares outstanding (really probably over 500M all in), but using that, and todays price of 49 cents, we have a market cap of around 216M
Take away the 50M we have in cash, and that means someone could take us out at .49 at a cost to themselves of around 165M...
Do you think anyone would pay 165 M, today, for Barkerville?
I do....
Let's say Goldcorp was sniffing around - what do you think they would offer? I would like to think at least 300M....