Bullish Reversal Chart, page-1780

Once JB is out or down to her last 5mil shares and BEZ starts dropping some updates and promotions through various channels including corporate presentations,....many will jump in as they cannot find any gold stock like BEZ with 3mil oz AU resource with potential upgrade to 5mil oz - 9mil oz (will require at least 2 MRE upgrades in 2024 and 2025), up to USD $300mil pre-payment deal for 5% deposit, which equal USD $300mil ÷ 5% = USD $6bil = ~AUD 9bil off-take agreement value deal potential.

You simply cannot find any gold stock like that at $300M MC, let alone current $60M MC. You may find similar MCs gold stocks with only first round of drilling hits with many more rounds of drillings to come in 2 more years and many more rounds of CRs to even get to first 1mil-1.5mil oz MRE. And to get to off-take agreement will take a lot more time and money. And ultimately a pre-payment deal like this USD $300mil that BEZ has signed is close to zero chance. Not to mention the interests of the 2 parties are so closely aligned together via a 30% shareholding in BEZ by QM.

Anyway, pilot plant construction is scheduled to commence this month with 1st trial production expected in EARLY Q2 2024 according to the last quarterly report. I really do look forward to this PP update (and stage#2 metallurgical result with larger sample size. Stage#1 result already achieved excellent results consistent with previous small sample size tests).