BEZ 2.04% 9.6¢ besra gold inc.

There was an error there. Should be:- SXG at MC = $380mil with...

  1. 2,883 Posts.
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    There was an error there. Should be:

    - SXG at MC = $380mil
    with no maiden MRE yet (BEZ's MRE = 3.3mil oz)
    - Exploration Target = 1mil oz to 1.6mil oz (BEZ's Exploration Target = 4.9mil oz to 9.3mil oz)
    - Cash on hand as at today = estimated $5mil (BEZ's cash on hand = estimated $32mil).

    - No such thing as pilot plant, PFS, DFS, EIA, mining permit aplication as BEZ either has done or is working on).

    - No off-take agreement yet.

    - No funding deal signed yet.

    (Of course nothing wrong with SXG because simply it is not up to those stages yet).

    - Around 2 years behind BEZ in terms of progression to mine construction and production.

    - Funny thing is: those clowns that i have put on ignore have not uttered a word asking for pilot plant, or off-take deals from those companies while SXG is at MC of 10 times of BEZ.

    - If SXG has the resource as big as BEZ and off-take agreement in place as BEZ (forget about pre-payment deal because very rarely we see a mining stock get such pre-payment deal) and is as advanced as BEZ to have done EIA, Feasibility Study and is about to commence DFS, I believe SXG would be at MC of more than $1bil.



 
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