To all; they need Indicated and Measures resources before they can have a reserve and they need to a feasability study to actually demonstarte how comericial it is.
They still have not got an resources! If it was so good why have they not got drillrigs drilling day and night. If Rand are assessing the economics and not just the potential they would need a resource to do so. If they have a resource why has it not been announced?
Further, proving up resources and then reserves takes time and money. Yes they have POTENTIAL, yes Rand MAY get involved. Have any of you actually thought RAND might just bide their time or insist on BGS actually producing resources?
Saltocan its drilling not digging and all they have stated are a set of drill results, which by the way do not meet JORC 2012 standards for announcements.
and people on here wonder why the SP is low even realtive to its peers!
BGS Price at posting:
1.2¢ Sentiment: None Disclosure: Not Held
