Barkerville Gold Mns Ltd BGMZF

If Gold Prices Stay....

[chillyballs]

...there will be a problem

Joe Mazumdar Geologist & Analyst, Exploration Insights

With gold price trading at current levels, below $1,300 an ounce, one geologist says we may be running out of gold. “If the gold price stays at these levels, there’s not enough quality ounces,” Exploration Insights’ Joe Mazumdar told Kitco News at the Mines & Money conference in Toronto. The problem? There is not enough exploration, he said. “Grassroots exploration as a proportion of exploration expenditures for gold has been declining since 2003, the majors are just not doing it,” he explained. “Right now, it’s difficult to find grassroots explorers that are well valued in terms of risk-reward ratio.” (show less)

[hammer161]

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.

[chillyballs]

Hey Dumbass161 ...BGM has plenty of greenfield... they also are currently developing brownfield you refer to...but hey dont take my word for it... check out page 6 in the corporate presentation. You are making yourself look the fool...tool!

[hammer161]

Chilly - Sure hey have a big ground position - but a vast majority of the tens of millions is brownfields. You neatly avoid the valuation issue - dont want to admit the truth? I guess you really do beleive though - after all on another board in April you said the smart money was going into BGM - at $1.00. I wonder how those who followed your advice then are feeling now - after losing 33%. Time

[chillyballs]

Hammer the Spammer.... Twisting, turning, spinning, yearning... Flattered that you follow me to other boards. Yes, BGM is not the only stock I own or follow. unlike you!! Smart money at a buck yes... even smarter if you are buying at 67¢ as I am. Not lots but a little on dips.  ...and I have purchased at 90¢ and $1.00 as well and feel just fine for it. Green vs brown...  let me

[hammer161]

Analyst consensus at $1.50 - all three analysts???!!!??? There is hardly a concesus on where this stock is going Chilly - you know that. As for your arguments about Osisko and their mamagement investing - do you really take this as a guarantee?? Sounds like it. To quote your pal Mikael - sounds like something sheeple do.

[chillyballs]

Three things tool161.... 1. How many analysts do you need for a consensus...there are 4 listed on the website I doubt they are the only ones. 2. No guarantees in life...what I said is it instills confidence when management has bunch of skin in the game. Beginning to think you and Bywrong are the same illiterate and manipulative person. 3. I am bored with your conversations...pointless, meaningless