Australia's largest stock trading and investment forum Australia's #1 stock forum

BGL

Click for more information

1.18%

$1.26 bellevue gold limited

Charts!, page-14

First 14 Last

Share
Profile

Follow
Caromb15

1,104 Posts.

119

14/06/21

12:37

Post #: 53829237
Share

Originally posted by Maccajohn: ↑

This presentation (1 June 21) is great and very well worth watching - 30 minutes. The lady presenting is sort of an expert investing in junior mining companies. It has some great points for people investing in junior gold companies. Of interest is in order to have a good project that will gain traction with investors (ie a high SP) you need for a gold mine a minimum LOM of 10 years and at least 100,000oz pa production (there are important factors including capital, ASIC, etc).

So IMO the first FS result with a LOM of 7( is this correct or was it 6 years) years does not make a strong case hence one reason for the SP selloff as it had a high SP with equally high expectations (I also suspect the sell off was due to a higher than expected ASIC). BGL is well over the 100,000 Oz pa production.

If BGL's next FS study gets to over 10 year LOM than we may see a significant SP re-rate (and more so if ASIC comes down).

IMO they will definitely achieve a LOM well in excess of 10 years but it may not be when the next FS is released (it may be a subsequent one).

Expand

A lot of good sense here.

And for BGL holders, there's a final comment on undervalued development sector!

BGL Price at posting: 83.0¢ Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

TBN

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

HLX

Helix investor makes partial takeover bid, proposing board changes

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

CCO

The Calmer Co’s Anthony Noble reflects on record breaking FY24

There are more pages in this discussion • 722 more messages in this thread...

First 14 Last

Add BGL (ASX) to my watchlist

(20min delay)
Last $1.26		Change -0.015(1.18%)		Mkt cap ! $1.619B

Open	High	Low	Value	Volume
$1.29	$1.30	$1.26	$6.061M	4.763M

Buyers (Bids)

No.	Vol.	Price($)
41	209550	$1.26

Sellers (Offers)

Price($)	Vol.	No.
$1.26	160642	32

View Market Depth

No.	Vol.	Price($)
41	209550	1.255
46	312937	1.250
17	254137	1.245
20	613446	1.240
3	32588	1.235

Price($)	Vol.	No.
1.260	160642	32
1.265	247787	32
1.270	209361	16
1.275	498714	15
1.280	169265	11

Last trade - 15.07pm 30/08/2024 (20 minute delay)

BGL (ASX) Chart

SPONSORED BY