Barkerville Gold Mns Ltd BGMZF

Ask the CEO........last NSR was done ....

[BywrongK]

.....TORONTO, March 27, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) ("Barkerville" or the "Company") announces that it has entered into letter agreement ("Agreement") with Osisko Gold Royalties Ltd. ("Osisko") whereby Osisko has agreed to purchase an additional 0.75% net smelter return ("NSR") royalty on the Cariboo Gold Project for a cash consideration of $12,500,000 (the "Royalty Purchase"). A year + later, $10's of million$$ of dollars spent later.....TORONTO, Sept. 06, 2018 (GLOBE NEWSWIRE) -- Barkerville Gold Mines Ltd. (TSXV:BGM) ("Barkerville" or the "Corporation") is pleased to announce that it has completed the previously announced C$20 million royalty purchase transaction with Osisko Gold Royalties Ltd ("Osisko"), pursuant to which Osisko acquired from Barkerville a 1.75% net smeller return ("NSR") royalty (the "Royalty Purchase") on the Cariboo property (the "Property") for the aggregate purchase price of C$20 million (the "Royalty Transaction"). Hasn't the project been derisked by what's been done over the past year? Is the gold you are finding becoming more expensive to mine? IMHO that's a massive CEO FAIL...$12.5M for .75% and now only $20M for 1.75%...plus the NSR had to be sweetened with 10,000,000 warrants...for 3 freaking years. Perhaps also ask...where is the cashflow from QR mill that was supposed to be paying for exploration by now?