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
BGL verses DEG
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Mkt cap ! $2.342B | |||
| Open | High | Low | Value | Volume |
| $2.00 | $2.03 | $1.98 | $7.665M | 3.839M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 3 | 19947 | $1.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $2.00 | 56581 | 3 |
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| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| $2.00 | $2.03 | $1.98 | 983000 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| BGL (ASX) Chart |