“We have also been working on a number of important developments for our flagship Abercromby GoldProject and look forward to announcing these developments in the coming days.”
This is big. Sounds like there will be a deal done on Abercromby
Au 518koz Total Indicated and Inferred
A conservative $50 per oz is $25.6m for Abercromby or 3c a share
BMG still retain the Bullabulling gold project which will be of great interest to MI6 considering its the adjoining patch next to their highest grade and open kraken prospect. I cant see how MI6 wont want to keep drilling, follow the high grade where it is open and onto BMG land.
And then there is the Invincible Gold Project in the central Pilbara and adjacent to the old Calidus Resource Warrawoona now owned by the deal king Creasy. This has pretty decent exploration potential but needs money to drill.
All in all BMG's some of parts is worth a hell of a lot more than the MC is giving at the moment. I can only see the current managements hopelessness as a reason for the mis-price and through the fullness of time the value will be realized.
BMG Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
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