the devil is always in the detail...the most positive that are visible in these set of results are
1. continuation of finding 2. extremely tight-lipped (no leaky boat syndrome)...speaks volume for management of a micro cap where they are always accused of insider info 3. the last line of the announcement is the clincher for me
"This proximity to a major operating mine may provide the Company with opportunities to ensure low capital and operational costs can be achieved at any future mine development."
the best of grades minus this kind of infrastructure is useless and the most average of grades can be MINED if you have infrastructure laying idle nearby...
(on iron-ore terms, SDL has a fantastic resource in the middle of nowhere, but if they had a rail/road from that place to a port, the story would have been a complete contrast)...same analogy but from a reverse perspective can be applied to us here...we can process our SHALLOW GOLD MINERALISATION cheaply...
As I said, the devil is in the details...and more news will be coming over the weeks...
BGS Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
