So the spin now is that the BCSC asked that Snowden audit the PG report? Wonder if the BCSC asked Snowden directly, or did the BCSC give instructions to the company to ask Snowden to audit the PG report?
And Gordon is on the advisory board of Snowden, also, and he's been informed that Snowden will soon publish its audit of the PG report? Where will Snowden publish this? Independently, as a Sedar filing on BGM's Sedar account? As a 10-page legal filing in the Financial Post and the Northern Miner? In one of Gordon's paid-for fluff pieces?
And Gordon was taken aback? He's certainly strongly backing the original report for a taken-aback individual.
Oh, well, taken aback or not, he's still continuing to back the company and he and his family do have a dog or two in the fight, as "...I personally and/or my family am paid by the following companies mentioned in this interview: Barkerville Gold Mines Ltd...(and) I personally and/or my family own shares of the following companies mentioned in this interview: Barkerville Gold Mines Ltd".
I wish the Gordon family the best of British luck in their investing and commentary endeavours with CTO'd BGM.
Barkerville Gold Mines Ltd. (BGM:TSX.V), which came out with an NI 43-101 of a massive amount of gold—over 10 Moz. The British Columbia Securities Commission (BCSC) was unhappy with that report and asked for it to be audited by geological consulting group Snowden. That process is ongoing as we speak. I do expect that Snowden will shortly publish its audit of the original NI 43-101 and that Barkerville shares will re-commence trading shortly after the BCSC has approved the report.
IG: I have stated before that I felt that the Barkerville property would host a multimillion-ounce resource. When the NI 43-101 came out, indicating that there was such a resource, I was taken aback. I didn't believe that that initial NI 43-101 would be anything of that magnitude. But the NI 43-101 was done by an accredited geologist. It's going to be very difficult for anyone else checking the geologist's report to find it was materially wrong or that there were massive mistakes made in the compilation of those numbers. It will be difficult to suggest that a) this is a fraudulent report, because I don't believe it is; and b) that there was something grossly inaccurate in compiling the numbers, because I don't think that has occurred either. I'm confident in the numbers, although I expect that the Snowden numbers will be smaller.
IG: I'm sure Barkerville is confident that it will be trading before the meeting. Hopefully, Snowden's report will be published and the BCSC will lift the cease-trade order forthwith.
1) Brian Sylvester of The Gold Report conducted this interview. He personally and/or his family own shares of the following companies mentioned in this interview: None.
2) The following companies mentioned in the interview are sponsors of The Gold Report: Detour Gold Corp., Barkerville Gold Mines Ltd. and Terraco Gold Corp. Streetwise Reports does not accept stock in exchange for services. Interviews are edited for clarity.
3) Ian Gordon: I personally and/or my family own shares of the following companies mentioned in this interview: Barkerville Gold Mines Ltd., Temex Resources Corp. and Terraco Gold Corp. I personally and/or my family am paid by the following companies mentioned in this interview: Barkerville Gold Mines Ltd., Temex Resources Corp. and Terraco Gold Corp