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BGL: been weakish this week. Sold my STT holding in BGL today,...

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pmd3nka

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25/01/24

15:27

Post #: 72067972
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Originally posted by wrighty64: ↑

Taking a significant position in BGL as im awaiting the Quarterly production update expected any day next week.
Already holding a significant position in my super and super bullish on the future of this becoming a tier one gold operation.
Ramping up to 1MTPA Throughput and 200KOZ should see this re-rate.
Back on 12 September they released grade controls of the Deacon lode that they will be currently mining.
Check out these eye popping grades.
14mt @ 49.4 gpt
14.4mt @15.4gpt
5.7MT @ 26gpt
8.8mt @ 14.5gpt
8.1mt @9.4gpt
10.9mt @20.5gpt
6.5mt @27.2gpt
7.3mt @20.3gpt
0.3mt @269gpt
Armand lode.
18.4mt @52.9gpt
10.2mt @61.1gpt
11.7mt @47.9gpt
10.4mt @36.9gpt
8.1mt @32.9gpt.
Four underground areas opened since first gold poured in December with jumbos punching into these grade's.
115,000t of underground ore on the ROM back in October and 85,000t of open cut ore.
Expect the head grade that is 7gpt for overall resource to be smashed this quarter punching into those grades.
Tick over 1.5 billion cap that could easily double on production profiles.
Go you good thing.

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BGL: been weakish this week. Sold my STT holding in BGL today, when $1.315 support was broken. Holding CMM, FEG KCN & SMI in gold sector (as STTs).
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