Gold
We hold 2 properties near the famous RandGold Morila mine which produced 7m oz of gold.
Currently we have estimated no more than 100oz of gold with very limited drilling but hopefully our tenements will more like the Morila deposit.
Lithium
One of the top 5 lithium deposits in the world at 15.5mt @ 1.48%.
JORC and SS are completed and our second round of drill results will flow in this month.
The above mentioned resource target is expected to be increased.
Valuation
I value the gold to be worth about $200m cap.
I value the lithium to be about $300m cap.
Our current value is about $50m cap.
Nuff said...
Pro Tip: if you ever want to know about a company for the first time the best way is to read every quarterly report for the last 2 years.
Pro Tip: i'm drunk at the moment so what i've said could be wrong... refer Pro Tip #1.
BGS Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held