Blackwolf Copper and Gold Ltd V.BWCG

First mining gold corp

[nofluff]

They sold 4.5 million tml shares yesterday at at. 0.22. They are now under 10% holder.

Total sellers along with the we about 10 million shares. There were buyers for them  all.

My guess is that they will buy  back on ft pp and make on the tax benefit. The buyers will likely also add ft as well.

I am guessing the rollback will put us at about 1.00.  Still real cheap and 70 million shares. So very inviting for another 100 million pp which would be 170 illion float for a debt free corp pouring lots of gold.

Nf

[marketsense]

Thats what I'm seeing also NF.  You can buy in now or wait for the rollback.  This is so similar to WRLG.  Almost like a blue print except TML has not gone broke like PGM.  They were severely cash strapped and would have needed to sacrifice a big equity percentage in order to get private financing for construction or suffer horrendous dilution through the brokers and or

[nofluff]

It would be nice to know the size of that mill. I am guessing maybe 20 thousand tpd. I believe the op grade is half gram per ton. So that would give 40 million profit per day.  That is 12 billion per year. Add in the much higher grade ug and it becomes minded boggling. I must have done something wrong:)) Nf

[nofluff]

Yup. I used a calculator. It would be a million per day cad. Total. If gold gets to 3000 u.s. it would be a million per day profit. Need to know size of mill. Nf

[marketsense]

WRLG just did a brokerage bought deal financing for $30M.  No problem.  Funds to be used to start up operations at Madsen Lake.  Next in line will be Goliath.  WRLG figures there is over $5m gold to be recovered during mill rehab after cleaning out the circuit and refitting liners etc.  Makes me wonder what might be recoverable at the Goliath mill before refitting and

[nofluff]

Wow. What a cost to ma and pop. The last couple weeks 50 million dollars dumped into the market driving price down from a dollar to 0.70.  I am sure it will come back. Still hurts the little guy. With, tml, market has been forwarded of ft pricing. I think market should be quite stable with some up possibilities. Especially if gold makes 3 thousand u.s. I am just watching. Nf

[buygoldnow]

What rollback? They are merely merging the two companies 67% TML 33% BCGM I believe we would just add 60% of the outstanding shares of Blackwolf on top of TML's outstanding shares, plus add another 25 million for the financing.  Have I gone completely loss and to old to understand? Sorry if I'm way off, please provide an explanation. Thank you Sir.