SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

   Gold/Mining/EnergyBGM


Previous 10 Next 10 
To: howestreetbull who wrote (15)10/8/2014 11:16:02 PM
From: Rocket Red
   of 127
 
this was a juicey hole in da pit almost 5 oz per ton

SIGNIFICANT ASSAYS OF BC09-12

No. Drill hole From To Width Gold
(feet) (feet) (g/t) (oz/t)

10.0 287.0 277.0 16.5 0.481
including
27.0 37.0 10.0 1.12 0.033
61.9 67.0 5.1 1.53 0.045
81.6 83.3 1.7 10.3 0.299
108.6 111.7 3.1 7.20 0.210
118.7 123.1 4.4 64.5 1.881
123.1 127.0 3.9 11.2 0.327
127.0 130.5 3.5 28.3 0.825
130.5 135.5 5.0 4.30 0.125
135.5 138.8 3.3 4.20 0.122
142.1 147.0 4.9 29.5 0.860
147.0 153.2 6.2 46.0 1.341
153.2 158.4 5.2 17.9 0.522
158.4 167.0 8.6 47.5 1.385
167.0 172.0 5.0 51.5 1.502
1 BC09-12 172.0 177.0 5.0 170 4.958
177.0 179.9 2.9 92.0 2.683
179.9 187.0 7.1 127 3.704
187.0 190.8 3.8 10.3 0.300
190.8 197.0 6.2 2.04 0.059
197.0 201.9 4.9 27.1 0.790
201.9 203.2 1.3 34.5 1.006
203.2 207.0 3.8 18.7 0.545
207.0 212.4 5.4 19.6 0.572
212.4 217.0 4.6 25.2 0.735
217.0 222.0 5.0 21.5 0.627
222.0 227.0 5.0 15.0 0.437
227.0 231.7 4.7 7.90 0.230
231.7 237.0 5.3 5.10 0.149
237.0 240.4 3.4 2.70 0.079
240.4 244.1 3.7 4.30 0.125
244.1 247.0 2.9 1.77 0.052
252.0 257.5 5.5 1.22 0.036

Share RecommendKeepReplyMark as Last Read


From: Rocket Red10/20/2014 9:35:58 PM
   of 127
 

Share RecommendKeepReplyMark as Last Read


From: Rocket Red11/21/2014 8:20:49 PM
   of 127
 

Share RecommendKeepReplyMark as Last Read


From: Rocket Red11/22/2014 10:34:38 AM
   of 127
 
50 bagger potential thats whats at stake on BGM

Barkerville Gold is highly undervalued. They have potentially 5 to 20 million oz (2 gpt) of gold in British Columbia, Canada with a FD market cap of $36 million (145 million FD shares at .26 cents). It is in a good location, and not in the extreme north where there are infrastructure issues. The risk with this stock is they are out of cash and have $14 million in debt. They need additional financing. In 2013 the stock was halted because they released a 43-101 resource estimate of 10 million oz at 5 gpt (surface) and created a firestorm. They are currently updating the 43-101, which should be out in early 2015.

They have excellent properties on 300,000 acres. They have a mill and are producing about 25,000 to 30,000 oz per year from their high grade Bonanza ledge deposit. Then they have Cow Mountain, which is an open pit project with a pre-feasibility study. It currently has 1 million oz inferred and 4 million oz indicated, although current drilling will increase the indicated total substantially. Then they have Island Mountain with a target of 5 to 20 million oz based on preliminary drilling. And they have Barkerville Mountain which has 3 to 6 million oz based on preliminary drilling. Combined they are targeting 9 to 27 million oz of gold at 2 gpt.

Management has not done a good job. They recently replaced their CEO and hopefully that will turn things around. However, they should have never got themselves into a debt situation with no cash flow. If they can survive, they have 50 bagger potential.

Once they get some cash flow they have excellent growth potential. But they are an ideal takeover candidate for a mid-tier producer. They are trading for less than $10 per oz for future reserves. By the time they get Cow Mountain into production (around 2017), a mid-tier is likely to have purchased them for a very cheap price. From my experience, companies with assets like this rarely make into production without getting taken out by a larger company. I own the stock and expect to be disappointed.

Share RecommendKeepReplyMark as Last Read


From: Rocket Red11/23/2014 1:40:20 PM
   of 127
 
you can blow it up by using ctrl and plus button at same time

Share RecommendKeepReplyMark as Last Read


From: Rocket Red11/23/2014 1:55:16 PM
   of 127
 
snowden apex report awesome reading but long

http://www.barkervillegold.com/i/pdf/reports/BGM-43101-2013-06-19.pdf

Share RecommendKeepReplyMark as Last Read


From: ayeyou11/29/2014 3:41:34 AM
1 Recommendation   of 127
 
.Jay Taylor, Sell at 13 cents ! in the Nov. 14, 2014, edition of Gold, Energy & Tech Stocks, says sell Barkerville Gold Mines Ltd., recently 13 cents. He previously said buy on Nov. 12, 2010, at $1.45 and on June 21, 2011, at $1.66. He then said sell on Feb. 17, 2012, at 84 cents. Assuming a $1,000 investment for each buy, selling at 84 cents would have yielded a loss of $945. The newsletter editor got back into Barkerville on Aug. 13, 2014, at 40 cents. Assuming a $1,000 investment then, selling at 13 cents would yield a loss of $695. Mr. Taylor likes Barkerville's potential but is put off by its finances. As of Aug. 31, the company had a "whopping" working capital deficit of $25.1-million, of which $11.7-million is due to Sprott Resource Lending. The loan covenant with Sprott requires Barkerville to have positive working capital of at least $1.5-million. As long as Sprott thinks that Barkerville's B.C. gold project is worthwhile, it will likely keep the money coming, muses Mr. Taylor. Yet Sprott has a responsibility to its own shareholders and may decide to bring down the axe. Mr. Taylor concludes that Barkerville was "clearly a mistake." Sell for the tax loss and use the proceeds to buy Sandstorm Gold, Dynacor Gold or others on his list.

I have a few shares left that I am booting today. I did good on the trade but it is not a company to be long on.

Share RecommendKeepReplyMark as Last ReadRead Replies (2)


To: ayeyou who wrote (22)11/29/2014 9:04:56 AM
From: Rocket Red
   of 127
 
sold at .13 cents for tax loss rotflmao on nov 14 hello

Share RecommendKeepReplyMark as Last Read


To: ayeyou who wrote (22)11/29/2014 9:05:56 AM
From: Rocket Red
   of 127
 
Mr. Taylor likes Barkerville's potential rotflmao

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Rocket Red who wrote (24)11/30/2014 11:45:36 AM
From: El Canadiense
   of 127
 
Taylor the biggest loser in the entire industry. When you have to rely on that creep touting your stock, you know you are in trouble. LMAO !

Share RecommendKeepReplyMark as Last Read
Previous 10 Next 10