BGL's market cap is $600 millioncheaper than DEG which l believe we are way underpriced.
DEG resource is 2.2moz au at 1.8gt (low grade) which does not include HEMI.
Our resource is of much higher grade and confidence as a third of it is of indicated category 860,000oz of gold at 11.6g/t .
We also a fair bit of underground infrastructure in place.
$140 million in the kitty to continue exploration and mine development.
20km strike
At present 6 drill rigs are on site, drilling our existing resource . Both resource and extension drilling are in progress.
Loads of news to flow shortly.
IMHO BGL is my pick of the two.
Key highlights include:
*A stage 1 maiden Indicated Resource of 860,000oz of gold at 11.6g/t gold1 announced post-quarter
• The majority of the Indicated Resource consists of a high-grade core of 480,000oz at 15.5g/t gold that remains open in all directions;
* high-grade core mineralisation sits proximal to existing underground infrastructure
• An increase to the global Resource to 2.3Moz at 10.0g/t gold1 with overall discovery costs averaging $18/oz
• Exceptional results achieved from metallurgical testwork including overall conventional leach recoveries averaging 97.8%; gravity recovery component ranging between 73.6% - 91.7%6
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$1.14 |
Change
-0.025(2.16%) |
Mkt cap ! $1.452B |
Open | High | Low | Value | Volume |
$1.17 | $1.17 | $1.13 | $14.61M | 12.79M |
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No. | Vol. | Price($) |
---|---|---|
1 | 647 | $1.14 |
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Price($) | Vol. | No. |
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$1.14 | 109596 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 647 | 1.135 |
4 | 23766 | 1.130 |
6 | 21578 | 1.125 |
12 | 65492 | 1.120 |
1 | 13556 | 1.115 |
Price($) | Vol. | No. |
---|---|---|
1.140 | 59582 | 4 |
1.145 | 40000 | 1 |
1.150 | 40556 | 3 |
1.155 | 26445 | 2 |
1.160 | 18556 | 3 |
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