I figure BGL will receive $40M in applications for the $20M. I...

I figure BGL will receive $40M in applications for the $20M.

I expect the scale back will be between 50% and no scale back at all.

If a proportional 50% scale back is applied, then we each get about half our requested number of BGL.

I assume 3,501 shareholders is still a roughly current figure.

My estimate is 60% apply with an average of $20K per applicant.

Maybe BGL have the option to take the full $40M? Then we all get all the BGL we applied for and no scale back. This situation just happened with ERM - $2.4M received for $1M and the full $2.4M was accepted by way of ERMs capacity to increase the ERM offering under the SPP.

GLTAH
- we are on a winner here. Sprott has $1.6M in BGL.
Great grades and tonnage ~ 2.2Moz @ 11g/t resource to grow toward 3Moz in 2021

https://www.marketindex.com.au/asx/bgl

Shareholder Distribution

About the Data

	Holding Size	1 - 1,000	1,001 - 5,000	5,001 - 10,000	10,001 - 100,000	100,001 and over	Total Shareholders
No. of Shareholders	526	848	517	1,278	332	3,501