BDR has delivered
1) they actually dug out 59,180 oz
2) they Sold 54892 @ $12,000 = $65,870,000 in Sales
3) AISC was 638 the mine cost $37,000,000 to operate , add in $5 m quarterly all other charges = $23million Quarterly Gross Profit
4) Bullion as at 31/12 was only valued at $1200 , so whatever was sold thereafter was done so at a much higher rate.
5) Record CIL output ( thankyou MACA)
6) 180k oz midpoint forecast for next year ( 180,000 X $1300 = $234m) 10% of annual will be spent on Corporate and Exploration. $135m mine costs ( my figures) $24mill corporate/discovery etc = 75m profit before Duck Head which could easily bring profit into triple figures $100,000,000 or 12c Per share !!!!!!!!!!!!!!!!
7) Increase in gold discovery at a level of real profit
What more could you ask for ?
BDR Price at posting:
35.5¢ Sentiment: Buy Disclosure: Held
