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Barkerville Gold Mns Ltd BGMZF

Barkerville Gold Mines Ltd is a Canada based company operates in the business of Gold. It is engaged in the production and sale of gold, and the exploration, development, and acquisition of mineral properties in British Columbia. The mineral tenures cover approximately 2,000 square kilometres. The company primarily holds interests in Cariboo Gold Belt District, Island Mountain, Cow Mountain and Barkerville Mountain.


OTCQX:BGMZF - Post by User

Post by OracleOfOttawaon Jun 21, 2018 9:42am
344 Views
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....
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