BEZ

6.25%

9.0¢ besra gold inc.

why isn't it priced more fairly?Are we to assume that this is...

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mraligator

2,906 Posts.

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01/08/24

12:07

Post #: 75024421
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Originally posted by Tran: ↑

Besra is simply THE MOST STUDIPLY UNDERVALUED GOLD STOCK in the history of ASX. I really cannot put it any other way.

Where on this planet can you find a gold stock with $27mil cash on hand, 3mil oz resource, with management stated their next resource upgrade target of 5mil oz, and Exploration Target of up to 9.3mil oz with very limited drilling so far, off-take agreement worth AUD $750mil at current spot price, pilot plant arriving at the port and construction is ready to go pending building permit approval. New managing director appointed with performance shares conditional on 5mil oz resource achieved. DFS preparation work (and plenty of work to do) is basically done and it is ready to commence in this quarter. Directors happy to take up 7mil options at 45c excercise price. With options, one must expect to see sp in many multiples of excercise price. 100k oz in historical tailing area is ready for mining with minimal cost to provide nice sum of $200mil for the ultimate 3mil oz - 5mil oz mining operation later on. Where on this earth can you find a similar project with those above metrics that is completely mispriced like BEZ?

$1 sp will put it at only $420mil MC compared to many other gold exploration stocks at $200mil-$400mil MC with no MRE, no PFS, no DFS, no significant cash on hand (couples of $mil compared to BESRA's warchest of $27mil. Even if they had $50mil-$70mil cash on hand it would not be enough for them to move their projects to the stage that Besra is currently in now, let alone a few $mil). Besra is simply miles ahead of many of them. Pilot plant from design to decision to place order to manufacturing to construction take up to 2 years alone. PFS usually takes at least 1 year. DFS is 1-2 years. Besra is about to start the DFS.

This stock has to re-rate to $1+ IMO.

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why isn't it priced more fairly?
Are we to assume that this is the best kept secret on the asx?

What are the downside risks?

Would love to know why it is kneecapped at cash value if it is so juicy.

usually some kinda mgmt f* ups or huge glaringly obvious expenditures or hurdles to jump that the pumpers ignore.

BEZ Price at posting: 8.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 9.0¢		Change -0.006(6.25%)		Mkt cap ! $37.39M

Open	High	Low	Value	Volume
9.5¢	9.6¢	9.0¢	$14.28K	150.8K

Buyers (Bids)

No.	Vol.	Price($)
1	46001	9.0¢

Sellers (Offers)

Price($)	Vol.	No.
9.6¢	43961	1

View Market Depth

No.	Vol.	Price($)
1	36211	0.089
1	6250	0.088
1	86206	0.087
2	89209	0.086
1	411764	0.085

Price($)	Vol.	No.
0.096	43961	1
0.097	9000	1
0.105	351683	3
0.110	201750	5
0.115	211086	3

Last trade - 15.32pm 06/09/2024 (20 minute delay)

BEZ (ASX) Chart

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