Depends who you ask about whether it is a "dud" or not!!
BRB and BGL quite different deposits(I have not followed BGL closely).
BRB 'announced' resources are in the indicated category-BGL is inferred(though I understand they will bring out maiden indicated announcement soon). At some point BRB will update resources too.....
BRB's indicated resource is in a shallow open pit-BGL mostly underground at this point??(happy to be corrected here??)
BRB has approx 230 million shares-BGL approx 630 mil.
BGL seem to have good cash currently-but the 'spend' on a mine etc. may be large.
Not sure of your investment time frame??
There is no doubt that the 'vibe' re BGL is very positive-BRB more sedate(others may have used a different word!!)
I agree with your thoughts that BRB has potential to re-rate.....
BRB Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
