BGL 2.44% $1.40 bellevue gold limited

drilling for jorc

  1. 1,217 Posts.
    lightbulb Created with Sketch. 1
    Whilst waiting on the results, have tried to locate a stock with under 100 m/t resource, and over $100m M/cap.
    BTU in N.Z. is close, as it also has CC:

    APPENDIX 1 - RESOURCES

    MEASURED ~ 28.6 M/T
    INDICATED ~ 34.9 M/T
    INFERRED ~ 18.2 M/T
    TOTAL JORC RESOURCE : 81.7 M/T.

    With a m/c of around $300m, our bench-mark of potential value is encouraging IMO !
    What are we, some $16m m/c ?

    Guess I was also viewing the prospect of our initial jorc coming in under 100 m/t; however with the drilling results to-date, we MAY be a little higher ~ but be guided by those in the trade, and of course next months results.

    Dyor, but all looking positive in the near future.

    Cheers :)
 
watchlist Created with Sketch. Add BGL (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.