It was the outline of the drilling program and how tightly the stock is held that brought me back. They will make swiss cheese of Bulong and bring a modern and systematic exploration approach to what was a very rich historic goldfield, in close proximity to Kalgoorlie.
My calculations are very back of the envelope, $15mill EV/$60 per oz = 250k oz.
The $60 oz figure is probably a touch low and was based on the below comparison of developers. BC8 is pure exploration at this point but given the location, using a developer average makes sense to me.
It was the outline of the drilling program and how tightly the...
Add BC8 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
71.0¢ |
Change
-0.010(1.39%) |
Mkt cap ! $161.9M | |||
| Open | High | Low | Value | Volume |
| 72.0¢ | 73.5¢ | 70.3¢ | $3.494M | 4.863M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6521 | 71.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 71.5¢ | 59275 | 1 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| BC8 (ASX) Chart |
