BGL 5.00% $1.33 bellevue gold limited

new high on big volumn, page-2

  1. 3,484 Posts.
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    hi pzhang.....Im new to BGL and now have a substantial positon of over 1.5% of shares on issue bulit from 12.5 cents. Will continue to build my position and am here for at least another 3 years unless they get snapped up by a major telco.
    If you do you figuers on 50% yearly sales revenue through organic and predatory growth then here's some rough figures
    with 20% profit as % of sales revenue.

    Sales revenue Profit

    2010 7.5m Profit 1.5M
    2011 11.25 Profit 2.25
    2012 16.87 Profit 3.37
    2013 25.00 Profit 5.0

    June 2013 is a little over 3 years away. With 87 mill shares on a PE of 10 that 57 cents a share. PE of 15 is 86 cents a share.

    Another Big clue is the options exercisable by the directors are some 7 mill exercisable April 2011 at 40 cents....that's thier benchmark. Not sure the SP will make it to this in 12 months but the directors will certainly be giving it thier best shot.

    It's still early days in the world of Big Air !
 
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