BGL 1.24% $1.23 bellevue gold limited

Ann: Indicated Resource increases to 1.04Moz at 11.4 g/t gold, page-12

  1. 836 Posts.
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    What a great day back to $1.40 and more to come . The Ann is great with much more to come . The presentation today at the RRS made it clear where the huge development savings are being made , bargain price underground drilling and the value of the existing 28k of mine is a huge money and TIME saver . One underestimated value is this , a 3.5g/t Au cut-off grade was used to report the Mineral Resources. This cut-off grade is estimated to be the minimum grade required for economic extraction at current metal prices. The cut of grade used , 3.5g/t Au is consistent with all other previous resources announced since the discovery in Q1 2018." . NOW WHEN mining starts anything under 3.5 g/t which hasn't been counted will be processed with the rest so there could easily be many many millions of dollars worth of extra gold above estimates .


 
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