They will need to complete a hell of a lot more infill drilling to upgrade the resources to reserves before this happens. Will also need cash to complete the studies, etc.
I think they should flesh out the Tolmer site as well, some exciting drill hits there. They also need to find more high grade gold at Tarcoola to mix with the low grade from Tunkillia before the mill is worth anything.
It will be interesting to see the details of the raise, but its definitely a step in the right direction and the right time.
BGD Price at posting:
67.5¢ Sentiment: Hold Disclosure: Not Held
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