mid-tier gold producer recommendations sought., page-32

BDR is worth while researching imo

gold resource of 5.14moz
market cap $700m

They are about to start producing 180k oz p/a at very low cash costs of around $400/oz. They are operating in a region of Brazil that has low corporate tax rates of 15.75%, so they keep more in their pockets than say in Australia. Low gold royalty of 2%.

The thing that impresses me the most is the quick payback period of 11months based on a gold price of $1400/oz

The exciting thing is they have a very high grade deposit called duck head which is a couple of km's down the road from their main mine deposit. High grades will translate to increased production as less tonnage will be needed to get the gold out.


PS the chart is sitting right at its all time high...
DYOR