I think the reference was in terms of the close proximity of...

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phil365

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09/11/21

23:48

Post #: 57443830
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Originally posted by SymphonyNo9: ↑

Alex is certainly a very positive and confident presenter. Nevertheless, I find his comparison to DEG in this interview somewhat disingenuous (or should I say self serving)
When DEG discovered Hemi, it was almost virgin territory, whereas the BGD assets are old mines that BGD is now using modern technology to examine those and adjacent terrain. There had been some earlier exploration of the Hemi area but without discovery or sufficient penetration of the sediments.
BGD is indeed very active and producing drill results that are leading to a bigger picture definition but no way have they discovered a Hemi.
Still, I am prepared to run with a limited investment in BGD at this stage and see how they develop. As pointed out again in the interview, they have a moth-balled mill nearby that will substantially lower the cost of entering production should the drill bit and (hopefully) forthcoming studies show economic resources. Of course, the increase in the POG over the past 2 years has changed the economics from earlier mining appreciably.

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I think the reference was in terms of the close proximity of multiple deposits hence the graphic below used, the point was the geometry and he does mention ''perhaps a bold statement'' to compare to hemi deposits to tunkillia deposits. Also references depth 500m Hemi vs. 250m tunkillia. And lastly DEG started 24mth ago at $30m which BGD is current. It was a comparison of possibilities that is all, nothing disingenuous IMO

BGD Price at posting: 17.5¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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