Bit like CTO at 15c I reckon ;)If you compare it to BDG "The...

Bit like CTO at 15c I reckon ;)


If you compare it to BDG "The plan is to initiate commercial production as early as possible in the
September quarter; however given the delayed start and the industrial
relations climate, a conservative position is to assume no commercial
production in the September quarter.
Under this assumption, gold production for the 2006/07 year is planned
to occur within a range of 70,000 oz to 90,000 oz from the processing
of 330,000 t of ore at a grade which could vary from 7 g/t to 9 g/t
gold. The gold head grade will determine the cash operating cost
which could fluctuate between A$400/oz to just over A$500/oz.
Volatility in grade and cash cost is expected to reduce as operations
are bedded down over the course of the year." http://sa.iguana2.com/cache/10857b2d8f8140cdbcaa7043a38125e7/ASX-BDG-256844.pdf

The first year its producing 70,000 ounces, its capped at 685million market cap.

BMO will be producing as much as BDG this year, its unhedged and its capped at $77million lol

"Main Points
􀀹 Forecast 70,000oz p.a. gold production from Twin Hills is
unhedged.
􀀹 Gold production from Twin Hills development ore in the
quarter was 2,259 ounces of gold.
􀀹 Production mining from Area 1 of the 309 Mine at Twin
Hills commenced in April 2006.
􀀹 High grade intercepts from an 8 hole drilling programme
in the upper part of Area 2 was completed with a
bonanza intercept of 7m @ 93.5 g/t Au.
􀀹 The results of the programme provide greater confidence
in the continuity of the resource model and
encouragement that zones of thick, high-grade material
will be available for mining.
􀀹 $12 million equity capital was raised during the quarter to
fund to accelerated exploration focused on expanding the
reserve and resource base.
􀀹 Planning and assessment for the development of the
Lone Sister and 309 Mine Area 3 resources is underway.
􀀹 A dedicated exploration team hired to supplement the
production geology team.
About The Twin Hills Gold Project
The Twin Hills project is a high-grade epithermal gold deposit
located 120 km north of Clermont and west of Mackay in central
eastern Queensland. Gold Resources currently stand at
429,000 ounces in two deposits, 309 and Lone Sister. Initial
operations are focussed on the shallow high-grade structures at
309 to establish an operating cash flow and to provide
underground access for deeper exploration. The second phase
in the development of the Company is now underway as
programmes to expand the resource and reserve base are
intensified."
http://sa.iguana2.com/cache/1586276ebcd6c1ab2b8e0dd4e9cbf783/ASX-BMO-320814.pdf

BMO has quite good reserves, it just needs to prove up resources, but its looking very cheap compared to BDG and just appointed a new CEO.