Bell Direct interview with Develop - "Plant has already reached...

Bell Direct interview with Develop - "Plant has already reached nameplate", with Darren Stralow " Going very well". These interviews were in late December. Not official presentations ....but communication nonetheless.

I expect that Bellevue Gold will be an outstanding performer. When the small extra capital is invested the mill will have a capacity of 1.5 mill tonnes x 6.31 g/t x 97% recovery / 31.1 gr/oz = 285,385 ounces per year.

Their reserve grade of 6.1 g/t is much smaller than the drilling hits of 20g/t upwards. I guess this is dilution but also conservative.

The crusher has a capacity of 1.7 tonnes per year. I speculate that when they explore and find further ounces they will expand production to an aspiration total of 300,000 ounces. In terms of volume - this will be 2 x Gruyere which has a market cap of ~ $ 2 bill.....with a better margin. Therefore, in time I speculate that at current gold prices, BGL will have a market cap of $4 bill +. On top of that, there is also the effect of increased gold prices ...which could go up to $US 3,000.

If ever there was a gold mine .....this is it.