Share
3,252 Posts.
lightbulb Created with Sketch. 37
clock Created with Sketch.
18/06/16
13:29
Share
Originally posted by Andyrooooooo
↑
Just to skirmish some numbers... please feel free to add your 2 cents as i'm a nooby analyst:
Current Market Cap
Issued Capital (152.4 m + 19.9 m) 172.3 m x $0.27 = $45.521 m M.C.
400,000 oz at Massigui
400,000 x average profit per oz $400 = $160m
(super conservative avg prof per oz btw)
The most recent Investor Presentation states the following:
- "Current mill feed at Morila exhausted in mid 2016"
- "Potential for Massigui ore to be processed at Morilla"
- "Discussion ongoing to progress development solution"
If Morila will be idle around July-Sep (Mill feed exhaustion mid 16) then they would need to strike a deal maybe a month before ore arrives on site to be processed.
This would lead me to believe that a deal could come around about a month before July-Sep.
Date guess of future announcements:
- 7th July Li drill results confirming
- 1st Aug Gold processing deal announced at Morila
- 1st Sep Li scoping study completed
- 1st Oct Gold income from Morila starts to flow
I first entered this stock in Feb-Mar at $0.066 (small $$$'s mind you) and it was purely for the gold, then it shoots up 400% due to the Li announcement.
Over the last 2 week's ive entered more funds (in a big way) with an average price of $0.33 and am sitting here in reasonable pain (about 20% loss).
The gold alone at current prices should see BGS tripple.
I do believe (and its actually playing out) that gold has finished its correction and is heading to $1,900 usd, and beyond which could see the above mentioned trippling, turning into a Disallowed.
Then add the Li.
Sooner or later this puppy has to fly and if my skirmished timeline is anywhere near correct, a happy Christmas it will be.
Expand
Pretty good but your numbers on the 400k oz at Massigui is out a bit - it's around US$212M potential profit total to be carved up between BGS, Randgold, AGA and Mali Govt at (approx) current pog.
Don't forget physical gold price will always be (illegally imo) manipulated by the major banks & US Fed via paper contracts which are not fulfillable in the real world... so real demand vs suppression of real value will always be an issue for us.
However demand for au is strong, Li moreso right now - all looking pukka!
Last edited by
SRV :
18/06/16