Well that plant just passed 7Mt and 30Koz in one quarter..They are not going to bother with a couple of quarters of processing...if estimates are that low.
Mid-late 2015 is when under utilization kicks in..That is 12 months+ minus wet season for drill programs - if you look at how long current drill programs are running you can see ~ 4 large programs around Ntiola being complete which is a lot of ground plus any additional deeper drilling required.
The well WILL dry up if BGS cannot find more gold with current $$$ in the kitty over next 12 months..SPROTT can write off a couple of mil VERY easily .. its not a sure thing. If there is no promising news in next 12 months expect BGS to join the rest of failed gold exploration pile.
BGS Price at posting:
1.4¢ Sentiment: None Disclosure: Held
