How can the ASX categorise an announcement to increase production by up to 50% as not market sensitive?! If drilling continues to uncover further high grade deposits as well as reclassifying resources to reserves, then plant expansion is a given. If resource grade of 9.9gpt is maintained as processed grade at current recovery level (91%), then expanded plant production will be 435,000 ounces per annum. Obviously this is a best case scenario but the actual figure will likely lie somewhere between this number and the existing forecast of 200k pa. Either way this gold mine is undervalued. Some very large block trades today.
Ann: Commercial production declared & expansion studies commence, page-21
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Last
$1.39 |
Change
-0.115(7.67%) |
Mkt cap ! $1.772B | |||
| Open | High | Low | Value | Volume |
| $1.45 | $1.45 | $1.38 | $12.30M | 8.809M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 65159 | $1.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 36263 | 1 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| BGL (ASX) Chart |