I forgot to mention in the presentation they had no economic numbers. The reason is all above its very clear the project will not work at todays gold price.
The only reason you would invest in such a deposit would be for some other reason or motivation - Perhaps if you could bring foreign investors into the project and they get Australian citizen ship out of it.
Good luck share holders - hard place to be - New board paid more to settle the royalty with SR mining holders then what the deposit with worth. I hope they got geologists and experts to do a report and they did not just make up numbers? If they did they are in breach of there duties as directors.
No one will buy uneconomic gold deposits - That's it worth - $6 to 9 per ounce of gold "that can be mined" and then you take away the environmental liabilities oh dear it don't think its worth much.!!!!!
Dear oh dear!!!!!
BGH Price at posting:
2.5¢ Sentiment: Sell Disclosure: Held
