BGL 0.68% $1.48 bellevue gold limited

Good question. Considerations:Draig need a 9 - 10 fold rise to...

  1. 1,217 Posts.
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    Good question.
    Considerations:
    Draig need a 9 - 10 fold rise to match Aspire's m/cap.
    Draig also need to prove we have CC (Coking Coal).
    Adjacent Teeg mine has CC.
    Draig are close enough to move their produce to the market place;
    Aspire need train or long haul.
    Aspire's drilling results are great;
    Draig's appear to be alot shallower! AND possibly deeper seams!
    Aspire have large coal players as holders;
    Early days for Draig still.
    Proportionate cash - Akm need a whole lot to get going;
    Guessing Drg could nearly start the earth-moving - if we didn't want to 'value-add' our produce, seeing how shallow some of the bore results are.
    Akm have a decent Mono / local representation as holders;
    Drg still need to start :)
    Drg have coal veterans!
    Aspire have great leaders.
    Drg are close to an existing town, who have operated acoal mine;
    Akm may need labour to be brought in.
    Finally, the timing ~
    Akm appear to be a 2014 / 15 start for decent income;
    Drg could be early 2013 - early 2014 depending on value-adding (washing etc.) process chosen.

    Well, dyor.
    For me, I'll stick with whats got quite possibly, a slight or better advantage,
    going forward from here.

    Cheers :)
 
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