BMG
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0.00% 0.8¢ bmg resources limited

IMO this stock is very undervalued, Circa 8 mill MC (600mill...

  1. Tommygun1234
    47 Posts.
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    18/02/24
    12:48
    Post #: 72468568
    IMO this stock is very undervalued, Circa 8 mill MC (600mill shares on issue), with 1 mill cash.

    What is a 500,000 ounce project worth in value?? the last few reports indicate a sale or development partnership in the strategic review for the Abercromby project. Retail value of 500,000 ounces of gold at $3000 per ounce is 1.5 billion in todays gold spot price. What can the value of Abercromby project be if sold???? what could the basis of a potential development partnership if established????

    Additionally the same extract indicates the strategic review i.e. sale or JV partnership will be done to fund the option agreement (West Arunta Project) if exercised by BMG. WA1 share price over $10.45c mc over 600mill. BMG 1.3c MC 8 Mill smile.png

    https://hotcopper.com.au/data/attachments/5969/5969235-7f4205714ba8df671fc80b17e1b90a18.jpg

    https://hotcopper.com.au/data/attachments/5969/5969254-06444152c0db9baf244df295595ac6fa.jpg


    BMG Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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Last
0.8¢ 		Change
0.000(0.00%) 		Mkt cap ! $5.470M
Open High Low Value Volume
0.8¢ 0.8¢ 0.8¢ $8.09K 1.011M

Buyers (Bids)

No. Vol. Price($)
2 338946 0.8¢
 

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Price($) Vol. No.
0.9¢ 1135009 3
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Last trade - 10.20am 12/07/2024 (20 minute delay) ?
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