Short term investors or more accurately gamblers are always losers as they move from one stock to another in days and weeks.
The fact is you won't find any gold project out there with $30mil cash on hand with 3mil oz resource so far and only scratch on the surface amount of drilling at the other deposits (Bau project consists of 6-7 seperate deposits with Jugan deposit most drilled and that is why the Exploration Target is 5mil oz - 9mil oz waiting to be drilled and proven with much more drilling).
No company will stupidly go to order pilot plant equipments worth USD $1.2mil = AUD $1.8mil, and further big amount of money for permit approval, land access contract signed for 15 year term with further extension options (that is leasing fee paid for at least the next 15 years = substantial amount of investment/expenses) if that company was not serious about moving the project forwards towards production and more importantly if that company did not have real expectation of the great economics of the project. No company will do that. Pilot plant is a major major milestone for any mining project. This milestone puts Besra way ahead of many other gold explpration projects out there, many years ahead and hell lot of CRs that they need to go through to even get to 1mil oz - 2 mil oz gold resource.
BEZ Price at posting:
5.4¢ Sentiment: Buy Disclosure: Held
