One of the things that has led me to sell my other gold stock (AAR) is that BGD offers so much more imo.
Barton's MC is approximately $175 million. AARs is now north of $270 million. Both have a gold resource of approx. 1.6 - 1.7 million ounces.
However BGD has potentially massive silver reserves and we all know silver is going hang busters. Try to find a near term silver miner with a MC of less than $1 billion.
in addition BGD is cashed up and plans to commence mining. Yes MINING in 2026. AAR is looking to get its PFS out and then do more paper work while BGD will be mining.
This mining will be commenced with very little dilution as the mine is fully permitted and on care and maintenance until it's re configured to deliver $800 million in cash. What will the BGD MC be then? I don't know but I dare say it will be more than AARs is now. And that's 50% more than BGD now. I'd guess we may have a MC of $500 million by the end of 2023. just back of the envelope calculations.
So if no dilution a SP of approx $2.40.
That's why I'm 100% BGD.
All just my opinion
BGD Price at posting:
82.0¢ Sentiment: Buy Disclosure: Held
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