BGS shares are tightly held and it does look like if someone wants a reasonable quantity, an offer of 82c for a start will get them some probably up to 1 million only. Buying interest will more than built up this arvo and we could see a run on BGS shares in view of the last announcement. The JORC shows us that we have 32MT in resources, this latest announcement, if we put 2+2 together, will get us to a minimum of 100MT, excellent quality and on shallow surface, easy to mine.You know what mine with 100mt is worth? Certainly a few times more that what we have now, a MC of $159.6M. We very much need a 4MT plant to do the job for a start.
This is a very undervalued company, so a rush of buyers for BGS shares wouldn't surprise me at all. GLTAHs and don't forget to DYOR.
BGS Price at posting:
76.0¢ Sentiment: Buy Disclosure: Held