It is a far more advanced gold project ready to move into construction and production phase compared to many other gold exploration projects out there.
It is more advanced because it has locked in an off-take agreement. It has also signed up a major funding deal of AUD $435mil (USD $300mil).
The beauty of BEZ stock is the company will not need to do any CRs.
Current gold price at near USD $2100/oz provides a massive profit margin to BAU project with further gold price gains expected.
Resource at more than 3mil ounces of gold and can still be increased to 5mil-9mil ounces.
$58mil MC for a gold stock with such off-take and massive funding deal and resource upgrade potential is simply ridiculously cheap. Market will wake up soon to bring this stock's MC to $400mil as soon as more concrete updates regarding construction are released.
Ann: Besra produces first gold concentrate, page-51
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