According to the last quarterly and confirmation from Management they are close to lodging the EIA. Then it should be a matter of 3-5 months (check Presentation from 2019 with estimated time frames) until final sign off of the approval - provided all things are going according to plan.
If things go well, approvals could be received until the end of 2021. If there are further delays, I reckon we will have to be patient until 1st - 2nd quarter of 2022.
Imho funding should be easy to obtain for a project of this size, the production quantity and high viability. At current gold prices the CAPEX payback period would be some 1.3-1.5 years which is extremely low.
Also be sure of the fact - once EIA approval is granted- the shareprice and market cap won't stay where they are now, opening further funding options/equity injections at a much higher shareprice.
Just my thoughts about the potential of the stock. There are risks of course, but the payback could be huge. And management's interests are aligned with shareholders as you can see by the reduction of expenditure and payment of a significant proportion of management fees in BDG shares!
BDG Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held
