Well, I expect it depends on one's timeframes my friend, but Bullabulling Gold should power through 40 cents in a canter without broking sweat.
It already has 3.2 million ounces of soft, easily processed gold rock, and that figure does not include Gibraltor, or the Laterite Dumps, or Gecko, or the new drilling to the South, so as Ray's father Frank would say on Everybody Loves Raymond, "holy crap".
This thing may become a Black Caviar, so I would hang around a while (if your finances permit) and see it way past 40 cents. It will have 5 million ounces within a year or sooner, with only about 285 million quoted shares. And it now has a renouned MD.
Another saying of Frank's was "Luck is in the residue of good planning". The plans by AZX/GGG are coming along, and with them will flow the luck, provided this antagonistic socialist government doesn't cave in to the communist Greens (ie. The Reds) and add Gold to the MRRT.
And as for the current price of AZX, don't forget, as Temu says, the ratio is probably going to be around 0.8 when your BAB shares are alloted, so applying that to the current share price of GGG on the AIM, gives AZX a current price of 29 cents.
Gw
We must all hang together, or assuredly we shall all hang separately. (Benjamin Franklin)
AZX Price at posting:
29.0¢ Sentiment: LT Buy Disclosure: Held
