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Bravo Gold Corp V.BVG

A mineral exploration company


TSXV:BVG - Post by User

Post by zzthnxon Dec 12, 2009 10:42pm
447 Views
Post# 16581753

Extremely undervalued

Extremely undervaluedBravo has a 43-101 for Homestake Ridge of 900,000 ounces inferred. From what I have read, $100 per ounce in the ground is a fair benchmark. So, just the 900,000 ounces at Homestake should be valued at around $90 million. BVG's market cap is presently around $49 mil. The 900,000 ounces doesn't count all of the drilling results that have been completed since the 43-101 was last updated over two and a half years ago. Plus, now we have the Homestake silver resource being proved up and also the Nevada properties. Sorry, I'm pretty new to BVG, so I'd appreciate if any of the long time holders can add some additional info. Cheers, z
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