Q & A with BaltasarG, page-6

First 6 Last

Share
Profile

Follow
SilverFox88

4,173 Posts.

1314

06/03/24

01:34

Post #: 72762217
Share

Originally posted by Funkeeh: ↑

In another forum on Hotcopper yesterday, in the context of a discussion about “constant explorers” who never develop anything, BaltasarG / Alex wrote:

”if a company hasn't made it in the first 5 to 6 years then unlikely ever will.” BaltasarG

To me, this comment suggests BaltasarG does not have relevant experience in the mining production space. According to a detailed study by Minex consulting, the average delay between discovery and development is 12 years, and getting longer. The timelines put out by the World Gold Council are even longer.

But since 6 years is BaltasarG’s standard, let’s look at how Barton is doing for comparison:

1. The only real asset Barton has left is Tunkillia - that was discovered in the 1990s - THIRTY YEARS AGO - and since then not a single company has figured out a way to make it work. Never mind 6 years - absolutely nothing in 30 years.

2. In that 30 years, every company that touched Tunkillia including experienced companies like Helix, Minotaur and Mungana, has failed to make it work, or even come up with a plan to make it work. WPG was the last owner and they ended up in bankruptcy.

3. Since then, the substantive change Barton has done after bleeding millions on Tunkillia is to somehow manage to LOWER the average grade from 1.6 g/t to a measly 0.9 g/t, which is going backwards, particularly given the huge mass of overburden. If it failed to be commercial at 1.6 gt, it’s a dead cert fail at 0.9gt.

If we apply BaltasarG’s own measure to Barton’s projects - it’s obviously not going to work by his own argument. My suggestion to BaltasarG / Alex / Barton is that we take the money just raised, start again, and try buy a new project.

Expand

Baltazar, why didn't you tell me you were really Alex? LOLOLOL.

BGD Price at posting: 26.0¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 23 more messages in this thread...

First 6 Last

Add BGD (ASX) to my watchlist

(20min delay)
Last 31.0¢		Change 0.000(0.00%)		Mkt cap ! $67.72M

Open	High	Low	Value	Volume
31.0¢	31.0¢	30.0¢	$15.37K	50.11K

Buyers (Bids)

No.	Vol.	Price($)
1	79145	31.0¢

Sellers (Offers)

Price($)	Vol.	No.
31.5¢	10123	2

View Market Depth

No.	Vol.	Price($)
3	63669	0.300
2	41389	0.295
4	56750	0.290
2	6000	0.285
2	31000	0.280

Price($)	Vol.	No.
0.310	30287	6
0.315	11363	2
0.320	79052	2
0.335	108881	2
0.350	47000	1

Last trade - 10.34am 27/05/2024 (20 minute delay)


Last 31.0¢		Change 0.000 ( 3.33 %)
Open	High	Low	Volume
31.0¢	31.0¢	31.0¢	2186
Last updated 10.34am 27/05/2024 ?

BGD (ASX) Chart

Q & A with BaltasarG, page-6

Featured News

PlaySide to take gamers back to Westeros with new PC title

Week 21 Wrap: NVIDIA's profits are up 600% – but this time, the market didn't really care

Althea on a high as it opens cannabis drinks in the US with Flora Growth

Webinar: What investors should know about what it takes for ASX-listed companies to get medical developments to market

The Telstra twist - What the job cuts decision mean for investors?

Buyers (Bids)

Sellers (Offers)

Featured News

Q & A with BaltasarG, page-6

Featured News

Top Stories

PlaySide to take gamers back to Westeros with new PC title

Week 21 Wrap: NVIDIA's profits are up 600% – but this time, the market didn't really care

Althea on a high as it opens cannabis drinks in the US with Flora Growth

Webinar: What investors should know about what it takes for ASX-listed companies to get medical developments to market

The Telstra twist - What the job cuts decision mean for investors?

Buyers (Bids)

Sellers (Offers)

Featured News