maybe not yet - there is always a discount while they are still going through ramp up which may last for 6 or so months. Some stocks fall significantly at this stage or soon after since they don’t deliver on production or cost estimates - very recent good examples are CAI and TIE which fell over 50%.
Many commodity investors consider this stage as quite risky and will not invest until they are through a few quarters to make sure they deliver on the DFS.
If BGL gets through this stage without any hiccups further upside potential will emerge- if that happens it is possible the SP could go to $2 or even higher if POG continues to climb.
I went through this stage with GOR.
Charts!, page-335
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Last
$2.02 |
Change
0.000(0.00%) |
Mkt cap ! $2.378B | |||
| Open | High | Low | Value | Volume |
| $2.05 | $2.10 | $2.01 | $13.99M | 6.861M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 65827 | $2.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.03 | 179143 | 7 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
$2.03 |
Change
0.000 ( 0.57 %) |
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| Open | High | Low | Volume | ||
| $2.05 | $2.10 | $2.01 | 1396507 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| BGL (ASX) Chart |