The thing is with BMO
(a) they have delivered on what they have said so far
(b) their market cap is a fraction of BDG's and they will produce maybe more then BDG in 2007 50,000 vs 70,000 ?
(c) they are conservative with their reserves and resources, they don't have a massive resource in inferred status, they probably could but they what appears to be a more conservative operation that wants to deliver the real gold and not just inflate the market cap on thin air.
This quarter they are getting set for the big production, I can't see reason to doubt them. The thing is there are many explorers that are capped less then they are, and BMO is producing now, has turned cash flow positive and is only $60million market cap. Eventually fundamentals will prevail and they will be rerated, we saw that in SBM and MMX. They had heaps of baggers that didn't understand the stock, but that's ok, they can miss out on the $$$$$$
The thing is with BMO(a) they have delivered on what they have...
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Last
0.6¢ |
Change
-0.001(14.3%) |
Mkt cap ! $3.086M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.9¢ | 0.6¢ | $159.2K | 20.52M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 7357478 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 2909707 | 5 |
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| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| BMO (ASX) Chart |