Ann: Investor Presentation-BGS.AX, page-164

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salemf

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18/06/16

14:38

Post #: 18064189
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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.

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my average price is just under 33c as well.... it llooks like like your numbers and losses represent mine as well!

BGS Price at posting: 27.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Ann: Investor Presentation-BGS.AX, page-164

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