Agree. We could see Myhree do a toll treat deal this year,...

Agree. We could see Myhree do a toll treat deal this year, Coyote start early year, paulsens following year. The stock should walk up the chart on milestones. It’s not like we will be waiting for 3-5 years before this is up and running. Bc8 might have 2 mines up before mid next year. Bc8 might also do more deals, why stop when your onto a good thing!
Bc8 has endless high value preselected targets across all assets. NST have spent $2m and found 3 Paulson look a likes ready to drill. Paulsens was 980k ounces at 7g/t and 3 replicate targets are laying underneath. One of those will do me. That deposit made NST and Bc8 might have one or more to expose moving forward. This means we will also likely see various new discoveries along the way. Each one will be close to the existing mine sites for future production.
Many would be looking at the current gold price and seeing it drop. The reality is the the Aussie dollar is falling just as quickly, so the A$ price is still a very juicy A$2670. Producers are in the box seat anywhere around this price. There is no way I can see another emerging producer picking up these sorts of assets and super charging their forward growth curve will operating mills like Bc8.
I see Bc8 as being offered an investment property for peanuts and they through in a spare one as a bonus. I saw this in the GFC with property in Vegas. If you bought one on the strip for US$360k, you could buy another one even cheaper. The managers guaranteed 85% occupancy. each unit is now worth over US$1.5m and spitting cash flow. People didn’t want to wait, but the returns are worth the wait in the right assets. The rent on those units paid off the original cost in less than 4 years.
The replacement value of the Coyote and Paulsens mills is some $140m. Bc8 paid $45m and got 745,000 ounces at 3.8g/t as well. If you had to pay the peer group average of $181 per ounce and build those 2 mills, it would costs a company $275m. Not bad for $45m. Exploration upside is everywhere with current holes yet to be included in the resource. Don’t forget the 1.3m ounces at 2.2g at KAL East as a bonus. We are capped at $130m with $25m cash after paying NST the first $15m payment. Bc8 reckons this is worth approx $365m on the gold alone. Given the mills, camps and resource upside, you can see how you can get to $1.50 in due course. Dyor.