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10.0% 0.9¢ bmg resources limited

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  1. micky78
    2,892 Posts.
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    24/09/14
    23:15
    Post #: 14024639
    Just base on pure garnet, I've looked Alibaba Chinese companies/suppliers selling garnet range from US$100 (low quality)-$300/t depends on quality... for pure abrasive garnet

    http://www.asx.com.au/asxpdf/20070109/pdf/310ftx65lcc0g0.pdf

    73,000/yr (CAPEX $9m)
    Cost: $7.9m (= AU$108/t)
    Sale receipt: $12.2m (= AU$167/t)

    But BMG's saying there are AMH and other elements can add value. Also can sell garnet to high prices in other areas (eg filtration outside abrasive garnet.
    BMG Price at posting: 0.4¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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