The selling is expected in this market, there would be a lot of over hang plus the 3B that was exercised just two days ago. However....
-Figures are very appealing, contingency has been upgraded from 15% to 23%, as @binwood pointed out our sale price is lower than most studies currently out there and the OPEX cost is fantastic
-BGS have just appointed a commercial adviser who will no doubt help with pushing the share price along. With further drilling we should also be able to extend the mine life plus the over all value of the project.
-The CAPEX cost is quite high in my view but that is the standard conservative nature of this board, who would of expected a $600mil post tax NPV and a 100mt JORC when the first PFS was released? certainly not me.
-ESIA, mining permit and production 1H 2020!
-My favourite part is that management have already started negotiations with potential off take partners and people for finance....
This PFS puts them in the seat to develop this asset and get the strongest return to shareholders. It won't be a short road but it' getting there! Oh I forgot the classic BGS line "don't forget the gold!"
BGS Price at posting:
53.5¢ Sentiment: Buy Disclosure: Held
