I only took a look at them for the first time in a long time the other day and couldn't really believe what I was seeing price-wise - they should've been humming like you say. I think they will pull out all stops to get the grade - that may come at the expense of future earnings, not sure - it's a punt on them having a good 2 or 3 quarters cash-wise. There are lots of mining areas, the hedge has been closed out for 2025 save for 5-6 K oz in Dec. The capital has been rejigged. I don't know - it seemed like an ok price to get in. The deposit isn't an easy one but they can create flexibility through their number of mining areas. Always keep in mind the disparity between the Resource grade and the Reserve grade - lots of planned dilution is the reason for this as it is a flat-ish deposit and these can have grade issues. Not sure about Beta Hunt sorry - will take a look. cheers Ken please DYOR
BGL Price at posting:
90.0¢ Sentiment: None Disclosure: Held
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