WL Update:"Exploration decline has been completed"
"Drilling commenced in the Dec-Qtr with 20% of the ~35,000m program completed"
This exploration drive allows drilling year round and effectively conduct DHEM and drill out previously inaccessible parts of the ore body. With that many holes drilled/planned, surely the results should be hitting soon.
By mid year SS will be financed, and by year end WL will be financed. So we are looking at 2 mines, producing 50kt Cu - acquired and built for around ~$300M AUD? As a comparison, CSA does around 50kt Cu and cost USD $1.1B plus royalties.
BGL FY24 Forecast Revenue A$125-130m - this cashflow will help while we wait for SS to be constructed.
The company is hiring the right people, growing metal inventory and getting the mine plans right before they commence mining in 2024.
Patience is key. The 'P' in DVP must mean 'Patience'.
Ann: Bell Potter Unearthed Conference - Investment Opportunity, page-6
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