As pointed out by @sachz and @Kyiap, BGS is so under valued that this can no longer be ignored. Buyers who are willing to take a calculated risk will stand to benefit many baggers. @Barney debear often pointed out "better than interest". Due to its low market capitalization, BGS has fallen way back compared to other lithium companies and very undervaled. Sooner or later, the market will wake up to this and BGS's SP and MC will be rerated to reflect its intrinsic value. Accordingly to Hartley's fair estimate, BGS could be worth nearer to $2.50 than what it is currently. BGS current market price of 76c is only one third of its fair value, no wonder many existing shareholders couldn't help themselves to a good serving of what is on offer.
As this is on the speculative end of the market, interested parties should DYOR about their suitability and about the potential of BGS, some of it as shareholders' expectations as yet to be proven though announcements in the past have been hopeful and well indicated.
Expected of indicated and inferred resources of existing and 3 new areas could bring it up to > 100MT minimum.
Permit for its gold mining is on the minister's desk and announcement would be forthcoming anytime
Plans for building a plant is well in advance and in progress and is likely to be either a 2MT per annum to be increased to a 4MT later on or opt to go for the later immediately
The commencement for production in the 3rd quarter of 2019 has not been changed
Plans to reduce energy cost and transportation cost are well in progress and management is hopeful of a 50% target, although a 30% achievable immediate target will enhance the profitability already.
Off takers and medium to large size predators are eyeing this high quality, world class and unsigned by off takers to date, yet very undervalued by all standards. Management are careful and conservative with their approach as any decision they made will bind the company immediately.
The SP of BGS is due for a rerate is not unexpected and BGS shareholders are very enthusiastic about their company.
BGS Price at posting:
76.0¢ Sentiment: Buy Disclosure: Held
