The WZ is an absolute pot of gold. And that's assuming we don't...

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notlistening14

2,216 Posts.

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27/10/16

17:55

Post #: 20176385
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Originally posted by aneeso ↑

The key takeaways for me were:

- Weight average grades are not equivalent or anywhere near comparable to resource grades, I saw this with DKO and now BGS

- Some of the WA spodumene explorers now reporting 1.4-1.6% as highlight RESULTS and as "spectacular" will likely end up in the 1.2% RESOURCE bracket at best, and this combined with overburden and lack of tantalum credits would not in fact make the resources anywhere near to as good as PLS, in WA PLS currently stands out head and shoulders in quality and size. And this is the big difference between RESULTS and a RESOURCE, took me a while to figure it out I know.

- Having said that BGS deposit and particularly west zone is also extremely unique, with the west zone being the highest grade pure spodumene ore body discovered since GB, but also straight from surface and with low mica and iron content.

- BGS has planned a further 10000m campaign which one assumes the bulk of which will test that higher grade west zone, and I guess logical expectation is the average / overall grade to lift past 1.5% as a result - is that fair? Can only hope will be conducted with more than one drill rig. Also I suppose the West Zone is what provided confidence in reaching the original exploration target grade.

- We are using the prior CSA global test work as the basis for the scoping study, so I would expect a good clear english language version of this to be included. So are we not going to see further met test work on reducing iron content from the Perth lab? @Ubique13 ?

- Map of tenement with other pegmatite outcroppings or potential subsurface bodies highlighted please, KJ we know and you know, that you know where they are.

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The WZ is an absolute pot of gold. And that's assuming we don't have anymore monster ore bodies (the southern zone???) or elsewhere on our 250km^2 tenement (NB we've explored 2% of this abundantly fertile land).

Upside cannot be valued, but is clearly monumental.

If BGS is worth less than $1/sh in 6months I will eat a hat.

Looking forward to celebratory beers at the AGM! What a result!

BGS Price at posting: 36.5¢ Sentiment: Buy Disclosure: Held
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