Paulsens has exceptional exploration potential. All their assets remain open on every project. Rig getting sorted. Paulsens was approx 900,000 ounces @ 7.3g/t. The current underground is 5.8g/t and open. The unmodelled drill results (not included in resource) are extremely high grade and shown below. They are well above historical mine grade. 4m and 5m hits @ 1 ounce per ton tells the story.
NST's focus was on the really big fish. Once BC8 drills this, perhaps NST might have some seller regrets but they need 300k ounces pa to move the dial anyway. SLR sold Fingals and Majestic and BC8 basically doubled that resource quickly and its still open all over the place. People thought they were end of life assets as well. None of these assets are end of life with this team working them. I would love to get the extra million ounces at Paulsens, but they will get it across the projects over time anyway.
BC8 have stated that they will keep drilling for 3m ounces. That indicates that they can see a path to that number across their projects or why say it! These guys are conservative. 2 mines will be up and running before that. Some time back, i was sure that management would deliver bc8 into the multi million ounce territory and they have already done it. I have little doubt this will incrementally get going into next year with cash flow and just keep cranking. Short term sellers can move on all they like. dyor
- Forums
- ASX - By Stock
- BC8
- Ann: Presentation - Coyote and Paulsen Gold Project Acquisition
Ann: Presentation - Coyote and Paulsen Gold Project Acquisition, page-29
-
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BC8 (ASX) to my watchlist
|
|||||
Last
35.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $155.1M |
Open | High | Low | Value | Volume |
35.0¢ | 36.0¢ | 34.0¢ | $355.0K | 1.012M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 95851 | 35.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
36.0¢ | 100983 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 95851 | 0.350 |
3 | 187050 | 0.345 |
3 | 150678 | 0.340 |
1 | 2988 | 0.335 |
3 | 118733 | 0.330 |
Price($) | Vol. | No. |
---|---|---|
0.360 | 100983 | 5 |
0.365 | 43315 | 2 |
0.370 | 109571 | 3 |
0.380 | 236581 | 2 |
0.390 | 100000 | 1 |
Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
Featured News
BC8 (ASX) Chart |
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online