I think a lot has changed. While the PFS was not perfect, at least the assumptions used in construction of the various PFS options were very conservative. It gives a very good glimpse into the substantial value inherent in this project All they need to do now is:
1. Drill, drill & drill
2. Prove up R&R
3. Redo all the key numbers in the PFS
The end result will be a DFS, constructed on a larger R&R , more realistic revenue & cost assumptions and resulting in a significantly higher NPV. It is a foregone conclusion in my view and the SP will soon adjust to reflect this. Please DYOR
BGS Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held