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3.03%

6.4¢ black dragon gold corp.

Once BDG has lodged their Environmental impact assessment, the...

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Aye_yoU

80 Posts.

26

05/08/20

12:35

Post #: 46317164
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Originally posted by Sellier: ↑

With a JORC compliant resource of 1.6M oz, BDG must be among the cheapest Gold Exploration/development companies out there:

"The Salave project has a compliant independent JORC resource of 1.6 Moz grading 4.19 g/t Au at a 2.0 g/t Au cut-off grade."

When looking at the market cap of 8 Mio AUD, that is some 5 AUD/ oz for a high grade resource. At current gold prices, the net present value of the project would have to be north of 700 m USD as the Preliminary Economic Assessment used a Gold price of 1.250 USD/oz and the project delivered robust, viable numbers.

Corona restrictions should have eased in the third quarter so that the team can now work on finalizing the final mine design plan, rehabilitation plan and the Environmental Impact Assessment. In the AGM it was mentioned that they are planning on submitting these documents by late October this year.

Good luck everybody.

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Once BDG has lodged their Environmental impact assessment, the local government first have to approve it. Then it is put to the local community where they have a certain amount of time to raise any of their issues. If there are any issues, BDG has to rectify them. Once they are rectified they get their Environmental permit. Does that sound right?

BDG Price at posting: 9.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.4¢		Change -0.002(3.03%)		Mkt cap ! $19.73M

Open	High	Low	Value	Volume
6.6¢	6.7¢	6.4¢	$14.36K	220.8K

Buyers (Bids)

No.	Vol.	Price($)
1	20000	6.4¢

Sellers (Offers)

Price($)	Vol.	No.
6.5¢	48888	1

View Market Depth

No.	Vol.	Price($)
1	20000	0.064
2	185000	0.063
1	125000	0.062
1	27349	0.061
1	200000	0.060

Price($)	Vol.	No.
0.065	48888	1
0.067	58480	1
0.068	275999	2
0.070	62405	2
0.074	35000	1

Last trade - 12.16pm 19/11/2024 (20 minute delay)

BDG (ASX) Chart