BMG 0.00% 1.1¢ bmg resources limited

Surely undervalued?

  1. 849 Posts.
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    New to this stock and trying to run the ruler across it.

    518k ounce maiden jorc at abercromby implied in situ value of $1.5 billion that will grow with further exploration.

    $750 million was sunk on developing the nearby Blackham/Wiluna fiasco but the metallurgy appears far more simple here?

    Other exploration assets in prime locations look promising too with drill results from Bullabulling imminent.

    No matter how you look at it the market cap surely should be mutliples above where it sits now?

    What is the problem here, i just dont get it?
 
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Last
1.1¢
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Mkt cap ! $6.972M
Open High Low Value Volume
1.1¢ 1.1¢ 1.1¢ $7.776K 706.8K

Buyers (Bids)

No. Vol. Price($)
6 2603154 1.1¢
 

Sellers (Offers)

Price($) Vol. No.
1.2¢ 370347 3
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Last trade - 11.55am 20/05/2024 (20 minute delay) ?
Last
1.1¢
  Change
0.000 ( 4.35 %)
Open High Low Volume
1.1¢ 1.1¢ 1.1¢ 40000
Last updated 14.06pm 20/05/2024 ?
BMG (ASX) Chart
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