Also to be kept in mind....the gold. Deal on ministers desk...

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15/02/18

14:35

Post #: 31080196
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Originally posted by insaf ↑

Keep in mind Malay bgs has an indicated resource. The product is high grade with good extraction. The issue was in the pfs - namely transport and power. Further it was a very harsh standard used - excellent to use for a business horrible in the stock market where most don’t read beyond the headline figures.
So any progress to the pfs with similar metrics used in other pfs as well as actual improvements in power and transport (unlikely) will rerate the stock. Add to this a resource upgrade (which is expected) and the additional capacity to produce and bgs cost curve improves again. Hence the sell down has been harsh - a perfect storm of Dow correction, lithium sector cooling in the short term due to sqm, people consolidating profits due to options or just moving into cash due to uncertainty and an illiquid stock with no Insto support.

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Also to be kept in mind....the gold.
Deal on ministers desk waiting for signature.
New gold drilling programme underway.
Rangold buying one of our assets, with up to 4% royalties to us.
Aeromag survey extended to cover our gold resourses.
Gold specialist employed to acess the gold tenements.
100% owned land.

facts, confirmed on our website Birimian .com

And Rangold has been operating in Mali for over 20 years.

...and our lithium?...a world class deposit too I think you will find.
Good enough for me.
Imo
Gltash and of course please dyor.
Ttu

BGS Price at posting: 46.0¢ Sentiment: Hold Disclosure: Held
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