BGH 0.00% 14.5¢ bligh resources limited

Ann: Trading Halt, page-2

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  1. V8
    10,804 Posts.
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    So whats a gold deposit with JORC 2012 - 7.0Mt @ 1.9 g/t for 431,000 ounces
    with additional drill results of


    Results from drilling program discover high grade intercepts:
    10m @ 8.72 g/t from 301m and 2m @ 12.31 g/t from 334m in
    BRC019
    31m @ 3.56 g/t from 294m including 9m @ 7.18 g/t from 296m in
    BRC018
    results confirm the continuity of high grade gold mineralisation at
    depth beneath the Wonder North pit
    10m @ 5.26 g/t from 171m in BRC005 in a previously untested zone
    NW of the Wonder North pit

    Actually worth?

    Well at $1600 an ounce that's $689,600,000 at least in contained metal

    Is 10% of that reasonable???? $68, 960, 000 or about 28c per share.

    I dunno, they are pretty good deposit extension numbers which would lead to a significant resource upgrade and its obviously not the end of the deposit.  Is $100mil unachievable?

    This website suggests %10 is achievable.

    https://www.911metallurgist.com/blog/how-to-value-gold-deposits
 
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