No wonder shareholders are holding this tight, with what BGS has. It will take some time to go through the lot. Conservatively calculating, CP of less than US$300 per ton and SP of US $600 and on 2 million tons per annum gives a US $600 million return. This is about 6 times current market capitalization. The sums are overwhelming.
Even with a further 30% discount, we are looking at US $400 million p.a.
We are near the business end, with the JORC due and PFS version 2 coming soon, will confirmed what we already know.
The re rate is on, you will find buyers willing to pay more to get their shares than sellers reducing their price to meet buyers.
Sentiments appeared to be changing, sellers are thinning whilst buyers are getting more aggressive. These are signs of a rerate. BGS has a mine life of 20 years. What does it mean? How much do you want for your shares?
DYOR , I am doing my simple arithmetic, sounds too good to.be true,I wonder.
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