From memory I believe BRV was above 2c in September. Gold prices on a bull run and currently trading at $1568USD an ounce ($2346AUD). Positive finance news and improved construction times could see BRV trading far higher before ground is broken possibly late next year. The DFS projected gold production to be approximately 83k ounces in the first year. This was projected at a conservative gold price of $1400USD (approx $2094aud). Inserting current gold prices for the first year only as an example would show approximately $14mil USD (approx $21mil AUD) extra revenue. I think gold has only just begun it's move higher and the market will wake up to BRV before it starts digging ground in my opinion.
BRV Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
