l attended Melbourne Preso today.
l had a decent chat with Steve and Luke before the presentation.
This is what l got out of them.
* 9 drill rigs on site. 7 at the historic mine and the other 2 at Governments Well and Kathleen Valley drilling 24 hours a day.
* 2 drill rigs drilling underground and a third one coming soon.
* Mine dewatering has stopped to a level deep enough for the development process. The remaining water will be pumped out in the future and be used in gold production process.
* Mine financing is in progress and narrowed down to 13 financial institutions. l believe this will be finalised and announced some time next quarter.
* Feasibility study 2 and resource upgrade next quarter.
* Regional exploration is not just for Gold. The company is aware the tenement is also prospective for nickel/copper sulphides and Lithium bearing pegmatites.
* Feasibility study 1 figures were conservative and in actual fact they are 20% better.
* As you all know Laboratories are very busy and there has been delays in receiving assays.
* Production end of 2022.
RRS Melbourne
Add BGL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.31 |
Change
-0.015(1.13%) |
Mkt cap ! $1.676B | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.35 | $1.31 | $12.39M | 9.353M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 22165 | $1.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.32 | 130856 | 3 |
View Market Depth
| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| BGL (ASX) Chart |