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Wow what a ride from BGS early days and turn Gold producer all...

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ruud

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31/08/20

11:23

Post #: 46947010
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Originally posted by HealthPro777: ↑

How often on the ASX do explorers become producers?
How often do explorers also have a divested portolfio across 2 hot commodities Li / Au both of which can become dual plant producers.

All at sub $50M market cap.

Just think, this company is going to have immediate cash flow.

Importantly, in the period between settlement and the completion of the tailings treatment operations at the end of the second quarter of 2021, the operations are forecast to generate approximately US$17 million (A$24 million) of after tax cashflow assuming a gold price of US$1850 per ounce. That cashflow will be applied to confirmation, infill and extension drilling of Morila and its satellites and, if warranted, the ramp up of production through the restart of mining at the satellite pits.

so much upside from the drilling of mining pits around the head and other tenements. If they hit another major vein tbh its a $1B+ company especially with Lithium mine opportunity.

Plays like this don't come around often. Let the trades go through but imo this will be on a lot of radars.

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Wow what a ride from BGS early days and turn Gold producer all the while focusing on Lithium in the last few years!

Our name should a name without ref to Gold or Lithium (ie not Birimian Gold / Mali Lithium), as we may well be having both producing soon!
How good is that.....

Been suffering for so long good to see the light.

MLL Price at posting: 17.5¢ Sentiment: Buy Disclosure: Held
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Wow what a ride from BGS early days and turn Gold producer all...

Top Stories

Buxton projects new graphite province discovery at WA Narryer play

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

BCI reaches close of funding facility for salt-first part of Mardie project

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

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