BGL 1.55% $1.31 bellevue gold limited

Ann: Quarterly Activities Report, page-7

  1. 1,373 Posts.
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    I think ramp up phase has the potential to carry a lot of risks as the Company starts bulk processing and pushing the mill to its fullest. Hopefully the head grade matches or beats the model grade.

    It's a wait and see from here and hopefully steady state not too far away.

    Things to initially watch out for in the Dec qtr update (I may miss some so please forgive):

    - Stripping ratio
    - Grade
    - Oz's produced
    - Costs to produce the Oz's

    After 2 or 3 qtrs in addition to the above I would start paying more attention to:

    - Net debt/cash
    - Mine cashflow

    Wolf
 
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