From Bardoc to Bardog to Barbuy!

Too many posters on here down ramping without any facts.

So it's time to look at the facts and nothing but the facts.

From the PFS completed in March 2020, Bardoc currently had a Mineral Reserve of 790k oz.

With current and previous in filling programs that have been conducted since the PFS and are still ongoing, combined with a proven and superior mine optimisation plan, Bardoc will have a Mineral Reserve of 1.1m-1.2m oz by the time the DFS is released in Q1 2021.

With a 135,000 oz gold mining average annually, we can expect Bardoc to initially aim for a Mine Life of ~9 Years. Now remember of course, this mining program is solely focused on four main deposits (Excelsior, Zoroastrian & Aphrodite and to a smaller extent, Bulletin).

Bardoc landholding currently holds 17 sites in totality and as management have expressed on countless occasions over the past 12-18 months, they are forever on the hunt for additional brownfield and greenfield sites in close proximity to add to the current resource.

Bardoc now has $35m in cash and a newly announced 40,000m drill program underway where I'm sure we will come across some great finds similar to the recent hits out at Aphrodite in the Omega lode extension (which included 37m at 6.21 g/t among others).

This will all bode extremely well for the mineral resource upgrade due next month in September and as the 40,000m drill program continues I'm certain additional ounces will be added with the DFS announcement. It's not too hard to see that the DFS will see Bardoc hold a 1.1-1.2m oz reserve with an overall resource of 3.5m+ oz and forever growing.

Furthermore, with the recent $24m capital raise, we now have major backing from institutional investors, whom as Robby Ryan mentioned are equally as excited and ready to invest more money next year once we are at the final decision to mine and funding phase. This will come around sooner than you know it, and then this time next year we will be commencing gold mining operations at the Excelsior deposit!

Once our gold mining operations is up and running and with a steady cash flow, Robby and the team certainly won't be resting on their laurels. They will be doing everything within their powers to expand Bardoc and with extra cash we will be in an unbelievable position with the ability to buy land that we believe is resource rich. In addition, with the in flow of revenue, we will also be able to drop additional drills into the remaining 13 sites that we hold, including the infamous Slug Hill that I know has many BDC investors excited.

Last but not least, Bardoc wouldn't exist if it weren't for the monetary value of what we are mining --- Gold! The price of gold has recently hit an all time high and with the pullback this week is already on the surge back to $2000USD.

Almost everyone across the world is predicting gold to average $2200-$2300USD in 2021 and often those estimations are proven too be quite pessimistic. More often than not, those forecasts are increase as the precious metal soars beyond initial forecasts. With the Aussie dollar sitting at 65c-70c, Bardoc could potentially be in the black ~$200m annually if we are mining an estimated 135,000 oz.

I know there are many on here who are long term BDC holders and have become upset with the latest announcements, dilution and SP pullback although the you have to remember this is the stock market and it is never a linear process. Buy when we are cheap as we won't be a sub $150m mc for too much longer.

Robby & Co have ticked every box they set to us shareholders at the beginning of 2020 and they have not put a foot wrong. I personally do not understand the continual dribble that I read from some posters and oft times those very same posters have a minuscule holding in the company. Very much like the Melbourne anti-maskers, the negative posters are the minority although they always have to voice their thoughts regardless of how wrong and plain stupid they are.

Anyway, I'm glad I was able to buy more recently at the same price the institutional investors were (and I even got some lower than 7.8!) although I'll leave you with this.

Northern Star Resource growth graph from 2010-2020.




No company starts big. Just like a seed, nurture it and it will grow into something bigger than you could imagine.




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