Wondering on people's general thoughts of the direction of BGL. I'm thinking something like this:
- Intensified exploration from underground once dewatering has completed
- Regional drilling, ~10,000m, for the rest of this calendar year
- Eventual development of small-scale open-pit mining, either at Bellevue Surrounds & Tribune or a regional prospect. This is largely to reduce the dependence on future CRs. If the three pending assay results for the Government Well are similar to the first, a focus on developing that resource for the potential of open-pit mining will increase in merit.
- Eventual full-scale underground mining.
Canaccord model the project on a 100% underground basis, but also mention the potential viability of open-pit at Bellevue and Tribune? They also refer to first production in SeptQ22, I was under the impression from last year's AGM that Steve was eyeing low-scale open-pit mining in 2021?
Obviously there is monster upside potential for the rest of the system, but much harder to hypothesise on it yet without the drilling data.
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