Apologies, sums corrected after noticing that BRB issued the first placement allotment of ~29M fps @ 24c on the 5th August 2020.
BRB now at ~$68 p/oz EV for inground JORC resource gold ounces @ 26c fps with a market cap of $69M, still a substantial discount or less than 50% of the current average value for ASX listed explorers/developers of ~ $148 p/oz.
BRB SPbased on the current Australian peer on peer’s sector non-producer JORC resource average EV value of $148 per gold ounce = ~$145M mcap or ~56c.
Plenty of cash in bank (+$10M now, +$23M after Sep EGM), rigs on site and news plentiful, makes this stock one to accumulate and hold. Good luck to all shareholders. Bye …
……………………………………………………………………………………………….…… Sometimes the questions are complicated and the answers are simple.
~ Dr Seuss
BRB 7/08/2020
Mcap $69M @ 26c fps (260M fps, ~$10M cash as at 5 Aug 2020, no debt)
Lake Roe Project, JORC Meas/Ind/Inf resource 23.2Mt @ 1.3g/t Au
BRB EV per AU resource ounce (~0.981M gold ounces) = ~$68t
BRB Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held
