BGL 2.00% $1.79 bellevue gold limited

Ann: Bellevue Gold fully funded into production, page-3

  1. 10,724 Posts.
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    Yep! A very clear & concise picture formed now with this latest FS out. Time now to sit & patiently await further Resource updates as more oz's are converted to Reserve & thus, LOM extended. Drilling ongoing with 6-8 rigs for @ least the next 12 months. Those 14k samples awaiting assay could see more high grade hits to further bolster Resource grade & of course, converted to Reserves down the track. Plenty of time! A very clear picture of what we can expect as we progress through to Production in under 2 years.

    The sp will rise & fall as is customary on the ASX roller coaster from hell with Bots running rampant but, we now have a solid floor to work from imho. As we progress towards production. Buy the dips if you can.

    The best part for me now is the absolute de-risking of the Project with Finance mandate taken care of all the way to Production for all to see. No hidden Agenda! Just patience needed as the drills turn. No need to look over your shoulder like you must do each & every day with an Explorer, void of any Jorc/FS/Met Report etc etc with which to accurately gauge progress by.

    Hopefully shorts will be minimal now too as there's not much to hide & no worrying signals or red flags for them to use against Longs.

    DEG was once my priority Explorer/Developer whichever way you choose to view Hemi. Became far too complicated with all the different Projects there so even contemplating Hemi. Although the Refrac Ore remains it's Achilles Heel. Modern extraction techniques pretty much deal with the difficulties they will encounter with bringing the Resource into production. The huge Capex necessary for funding the complex Plant additions etc is of concern. Not that they won't get the funding but the amount it involves. Most retail investors like us would find it a difficult chore to value Hemi really if they were honest. The worst part is the lack of assays for major new deposit Zones such as Scooby. Severely overdue assays awaiting for that. Consistent hellbent infill/extension drilling ongoing forever with Hemi zones with onus on pleasing the Instos & leaving retail out. Too hard to know what they'll come up with next.

    Here! It's all laid out nicely for all to see. Those few tools posting yesterday their dismay on how the ducks aren't yet lined up or that they are still awaiting further points. When questioned for the reason for their concerns. No answer given, of course!...

    Have a great weekend all
 
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