Simply not true you are repeating a mis truth, there plenty of examples of banks lending on indicated resources some even contain inferred .Check out CAI they got a $100 million from the banks , a portion small was inferred . Here's a question if BGL build a medium sized plant lets say it processes 1 Mtpa per annum, grade11 gpt my maths says that's around 330000 oz per annum for 7 years with the likely hood of much more gold being found, seems pretty good to me .
BGL - Share Price forecast and results, page-343
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Last
$1.29 |
Change
0.045(3.61%) |
Mkt cap ! $1.650B | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.31 | $1.29 | $9.792M | 7.552M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 65000 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.30 | 29409 | 2 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| BGL (ASX) Chart |