Very interesting. ML been buying up BGF since June and particularly active of late - paying up to 11.2 cents. This is a good story that keeps getting better as BGF gets closer to pouring their first gold mid next year. I reckon BGf will be at least double the value it is this time next year - based on $12m p.a NPBT based on a US$368 gold price. ML must be thinking along the same lines. C'mon guys - money for jam here!
BGF
ballarat goldfields nl
merril lynch substantial holder
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