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clock Created with Sketch. 22/07/21
19:58
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Originally posted by Wombat2:
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Hi all long suffering shareholders. In the past few days I have been mulling over the catalyst that will restore some sort of value to our investment in BDC. I think it will be a successful raise of the required cash to build the mine. Rob has been saying for the last two years or more that I have enough to go mining for at least 5 years and that was two years ago. We now have significantly more ounces in both Resource and Reserve. which will ensure a very long mine life.But what might that something look like? "The purchase price for the Kundana Assets is A$400 million cash. Evolution will be offering employment contracts to and assuming liabilities for all of Northern Star’s transferring employees. In FY21, the Kundana Assets produced 120,943oz. The combined Resource estimate is 2.4Moz, including Reserves of 579,000oz" . with over 3,000,000 ozs in resource and over 1,000,000 ozs in Reserve is well placed to deliver excellent value once in production.
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"I think it will be a successful raise of the required cash to build the mine."
