You are right. Didn't look at the AUD/USD pricing difference.
I know a lot of people here would sell out for a $1 etc, but once stage 2 is completed the NPV could be significantly higher. I would rather hold long term for 3-4 years than sell too early as I think the real value is all in the long term. We could be looking at $3-4 once carbonate plant up and running, no joke.
The NPV of stage 1 would be nowhere near the true value of what the Goulamina deposit is worth if they develop it correctly.
BGS Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held