BDG has long been the laughing stock of Victorian miners. However, lets go to the books.
Market cap BDG - $49 million MCO - $18 million
Cash BDG - 45 million dollars MCO - 2 dollars and 35 cents
Plant and equipment BDG - Processing plant($70m),Jumbo's, infrastructure etc MCO - 3 shovels, 1 wheelbarrow and a small unstable hole.
Obviously the market has MCO valued a lot higher for gold in ground. Lets hope they don't disappoint with the trial mining. I personally can't wait for the results of 2oz/t and cash flow so I can buy back in. Remember GDR with the same historical grade as MCO? It was looking so promising too.
MCO Price at posting:
14.3¢ Sentiment: None Disclosure: Not Held
