I think bc8 is more advanced than a pure exploration play in some regards. They already have a known gold field with known contained gold in numerous areas at the premium address in Oz. The company should have good holes straight up. This is really about drilling the area out and getting a resource to toll treat imo. There is a lot of drilling to be done here (29km). I think there is a very good chance they will outlive several ore bodies and the deeper drilling could come up with anything. As far as a brown fields play goes, it’s in with a solid chance. This sort of play never works for majors but can be a company maker for bc8. Results due within weeks.
Some of those gold companies seem over priced and some like (EAR) are extremely cheap. Markets often don’t price projects correctly until a bid turns up. AVB is a recent example where it was 7c and OZL lobs a 17c bid on the table out of the blue. Too early for BC8 but not so for someone like EAR. I like both for different reasons. Good luck all. Dyor
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