Barkerville Gold Mines Ltd (BGM)

[diggg]

Ian Gordon: Hedging With Gold Against Imminent Economic Collapse
Source: George Mack of The Gold Report (10/10/11)

(IG favorite stock is BGM.v- thanks Kewl2)

http://www.ibtimes.com/articles/228429/20111010/gold-silver-precious-metals.htm

IG: Well, one that we like very, very much is Barkerville Gold Mines Ltd. (BGM:TSX.V). The reason we like the company is that it is in production. It's producing 25 thousand ounces (Koz.)/year of gold from its QR deposit in central British Columbia, Once it receive its permits to mine the Bonanza Ledge deposit, and that should be very soon, production will increase to 50 Koz. per annum. This makes the company very positive on a cash-flow basis. Barkerville is also finding and adding quite dramatically to its ounces in the ground position. It is going to bring in a second mill, and once that is permitted, production will rise to about 150 Koz./year. It is targeting 2013 for the second mill to be up and running.

TGR: Over the past 12 weeks, Barkerville is down 30%, and yet it still has a market cap of $100 million. It looks like shares have sufficient liquidity.

IG: I own a lot of it; it could be 30% of my stock portfolio.

TGR: So Barkerville would be your favorite?

IG: It's my favorite, but there are also others that I like an awful lot.