Apologies - incorrect statement
BZ have drawn down $13.7M to date, $12M of which has been drawn down in 2024 - so quite a ramp up in costs.
BZ have drawn down $13.7M to date, $12M of which has been drawn down since end of June 2023.
BZ burning just over $1.5M per month. I would guess that will be ramping up as they spread drilling across multiple sites. So to raise $40M in the short term doesn't seem excessive, $2M per month for the next year plus $16M loan to payback.
There will come a point, not too far away hopefully, when BZ will need to raise AUD$150M to start mining and processing all that gold.
For a close to AUD200M fundraising in the next few years - those remaining 20% of BZ shareholders will be asked to stump up $40M or see their holdings diluted.
That's just business.
Apologies - incorrect statement BZ have drawn down $13.7M to...
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Last
$3.75 |
Change
0.090(2.46%) |
Mkt cap ! $2.470B | |||
| Open | High | Low | Value | Volume |
| $3.70 | $3.82 | $3.70 | $8.254M | 2.190M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 19241 | $3.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.78 | 87809 | 1 |
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| Last trade - 16.10pm 18/07/2025 (20 minute delay) ? |
| EMR (ASX) Chart |