BMG 0.00% 1.1¢ bmg resources limited

Ann: Abercromby Gold Project, Creating Value., page-7

  1. 2,655 Posts.
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    500 k ounces of gold maiden resource on a mining lease
    assume 350 k ounces recovered ... value in ground is one billion dollars at 3000/ Oz gold price
    one has to consider expenses of extracting gold though ...

    REZ is trialling VAT leach now , may be something to consider for BMG ?

    sell asset to majors for 100 million at 200/ Oz price ?

    anyways BMG is undervalued at 6 million market cap ?
 
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