I’m sure the glossy preso means CR coming to keep the lights on
A bit of window dressing by using AU Eq vs other projects…..cant compare it to Hemi that is a monster and open pit (i think 3rd biggest gold project in the world)
Also cautious when comparing to market caps of other Aussie producers and explorers (example spartan sitting below in market cap is 100% owned not a 30% share and they have a mill ready to go into production, as do most of the others & plenty of cash. Will have much lower production costs and is from surface). Not sure the ASX will buy it ….. let’s see what he has to say
RE: Who’s in line for Telfer? Let the Frenzy begin24 Feb 2024 11:18
Good to see newmont get rid of the tier2 assets like Havieron. Opens the door for evolution to pick up the scraps on the cheap…..they have done it before
Most recent BELLEVUE GOLD - BGL on ASX. The 1 year chart is a classic ( although gold sector sold down the last few days ). Now it is the phase of production commencing and reaching nameplate ( production commenced November). Most of these type of stocks have exploration upside and nameplate confirmation gives another leg up.
Because the whole sector has been staved of capital there are few ‘developers to producers’ at the moment
Looks like the LSE and ASX price is exactly aligned. Now it’s a waiting game until we get news on first production. Hopefully a sustainable rise until nameplate confirmation early Q2.
This has real potential to be a star performer. Most of my best investments have been the 6 months before production, and I’m still holding most of them at multiples (ASX developers turned producers)
Santa was kind this year. He came on Christmas morning and connected our power to the Vareš Processing Plant. Many thanks to our staff who have worked tirelessly with EP BiH to complete this over the holidays.