BGL 1.39% $1.46 bellevue gold limited

Ann: Maiden Indicated Resource 860,000oz at 11.6g/t gold, page-42

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  1. 1,863 Posts.
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    No Issues Vader but I expect if they get to mining they will want to advance as a company/other sites, or could be that if the other discoveries prove up to minaeable also (they are drilling like crazy). Even on a P/E of 10, still undervalued in my view as I took extremely low 480k/oz produced only over 10 years. I expect that is worst possible case, but still matches current price to an extent.

    Long story short, I think the price is about right at the moment with plenty of upside potential in the next 6 months with resource upgrades and drill results.
 
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