Sure, one good quarter might be stretched—but that logic applies to half the gold sector.At some point, you’ve got to accept production ramps do stabilise, especially when the asset is Tier-1, high-grade, and already built.
If majors are waiting for three flawless quarters in a row, they’ll be buying at $1.50, not 97¢.
As for the plumbs-in-the-mincer analogy... not sure if that’s a warning or a fruit salad.
BGL Price at posting:
97.8¢ Sentiment: None Disclosure: Held
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