Agoracom Blog Home

Posts Tagged ‘$BGM.CA’

$BGM.CA 43-101 @ 12.3MM ounces #gold

Posted by justiceisfalse at 9:32 AM on Tuesday, August 14th, 2012

The 43-101 technical report on Barkerville ($BGM.CA) was posted to SEDAR last night. They are looking at ~7.4MM ounces of gold if you use a cap on the resource and ~12.3MM ounces if uncapped. Here is the doc on SEDAR – scroll to section 1.6 of the summary.

From what I can tell, and I may be wrong, if being conservative, using $62/oz in the ground (as per the Canaccord research), the market cap should gravitate towards anything between $460MM and $760MM depending on the valuation being based on capped vs. uncapped respectively. The market cap at close of Aug.13 was $132MM.

$BGM.CA may just be what the $TSXV needs to break-out and reignite the industry.