valuation, page-10

If its so cheap, i insist buy more BMO, unfortunate but the odds of BMO going the same as BDG are increasing every day. ( yes you might get lucky, but the chances are decreasing daily)

Why - no news = no good news, raised more money to cover this quarters shortfall, trucking low grade ore 250km to make a loss. Processing site on borrowed time, steep ore bodies are extremely high cost and no new off shoots discovered, it just goes on and on ...............................................................

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Bendigo had targeted deep-level extensions to the reefs that had been mined in the region for a century up to 1954. It had consolidated the entire former Bendigo gold field and estimated it had a resource of 11 million oz at an average grade of 14.5g/t.

But the average grade from the first three months of operations was just 4.1g/t. Hanson said exploration work will now be concentrated on what is hoped will be "far more productive" sections of the field.