RE:RE:RE:DelaysIm not sure GBR is the best comp, MOZ has literally the same grade, so far not the amount, but, there a chance. They are drilling 150% more than last Summer, I believe.
In any rate, good luck with your GBR, and Im going sit here with sprott and see what the new tally is, after all the new numbers are in.
Be nice to see the sector come back to life. Maybe stagflation will help, so far not.
GL
GuidoSan1 wrote: Not bloody likely friend but no harm in dreaming I guess.
4-5M if and only if these numbers are confirmed as Reserves NOT Resources. So far less than 1.5m are considered reserves, hardly worthy of any consideration at all unless, you and a few of your friends are considering taking over the company and digging by hand lol.
GBR is a real comparison to throw this puppy dog up against if speculating, currently trading around $13 off from a high of $16+ and they have confirmed 50m oz of Reserves.
So all things being equal if and only IF BNCH can confirm 5m oz of Reserves one tenth of GBR Reserves that would put your speculatve buyout around 1.30ish and at this time cut that to a third at .45 since they have only confirmed one third Reserves the rest to date Resources..
At tens of millions to set up for actual production hardly worth a glance for any major producer IMO. Better to keep a constant eye on the insiders transactions going forward if invested, that will likely be the real telling story where this might go a little farther out. Pulling a rabbit out of the hat is going to be a tough one now for this management team
Like I have posted before BNCH had it's junior stock 10 bagger from .17 to 1.70+ already, this game is running out of legs fast now.
Good luck in any case, cheers.
Homerunhitter99 wrote: 3m oz or 1.7g/t now, likey 4m-5m by the time all the assays are in. 4m-5m oz of 1.6-1.7g/t, to me, equals a $3-$5 buyout next year. But i'd vote yes to $2.5 right now. I agree, some major should try.
BuyingTIme wrote: The management could careless if delays go into 2022. Delay there pay cheque and wages they be on the horn very fast. The phone would be ringing like crazy but delays and investers money relax everyone take a pill. Not are fault blame trump he must have something to do with the lab delays yes trump . The more I listen the more I realized how good of cons they are and they are good at that job champions. I wish a major would try a stink buyout most investers would be happy to get out and vote yes. Bt