Precious metals tipped to go higher., page-35

Worth noting.
All the studies done by bc8 were based on US$1900 gold. It has since risen another US$231per ounce. That is the equivalent lift of A$327 per ounce. Paulsens producing 50k oz pa adds another $16.35m pa in free cash flow. That is just from paulsens. That is over $62m in additional free cash flow for the first 4 years of paulsens. These studies only allow for a percentage of the know resource. For example, Coyote is based on only 48% of the resource. That means the mine lives are well above the study numbers. Bc8 is massively leveraged to the gold price. They don't have forward sales and all their mines are high-grade.
Once they turn this on, I suspect bc8 will be a great result for the long term holders. US Interest rates are likely to help. The lagging heavily discounted stock price is due to people waiting for the next lot of funding, but I think it's overdone. Shaws had a 74c target with a lower gold price. Bc8 might experience some elastic band response on funding confirmation. In the mean time, it might grind higher. That extra $16m would obliterate the debt in no time.