RE: #BMV Morningstar's Fair Value Estimate 3.44p.28 May 2024 11:45
Barry - do you know how old the fair value estimate is please? It would be good to understand how they have arrived at that number for context. With 712.87M shares that would make an MC of £24.5M. - that still feels incredibly low given the potential of Lobo alone...
Lobo is high-grade with further upside potential where previous trenching yielded results of up to 56.8 g/t Au reported, and the current Indicated resource of 82,000 oz Au, on just one of nine targets, is perceived as easily convertible to reserve category. What is important to note is that the resource numbers were calculated when the gold price was over half of what it is today and therefore a higher cut-off was used. With the potential economics now impacted by the current gold price environment we expect a material upgrade as a lower cut-off is applied. Additionally, the Lobo licence area has multiple epithermal and high-grade targets already identified for resource expansion with 15km of identified mineralised structures.
15KM of identified mineralised structures!!
https://bluebirdmv.com/batangas-project/
How high can the SP go? - in time potentially stratospheric in my view.