I hate spelling errors , so thank you G. Emperor for pulling me up.
Your correction does give me the opportunity to elaborate on what I really wanted to say which is that were gold prices to resume their upward trajectory then Beadell is the Aussie gold stock most leveraged to the increase in in-ground value. A USD500 /oz increase - as unlikely as that seems today- implies an inground upvalue of USD2billion on Beadell's present resources. That's a 10 times uplift on BDR's market cap. I dont believe there is another Aussie producer offering that sort of leverage over its present market cap.
Yes, the purists will argue points around the mining and the extraction but in the context of rising gold prices it's the prospective leverage that delivers the price gains .
Yes?
BDR Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
