BSG bolnisi gold nl

bolnisi gold - research report

  1. 2,218 Posts.
    For those interested, RFC Corporate Finance have released a research report on BSG. It was comissioned by BSG, but in my view is a reasonably conservative document in that it (i) places only a modest value aginst the possibility of extended mine life, exploration success etc and (ii) has fairly moderate price assumptions for Copper and Gold.

    The range of valuations given for BSG is 32-48c, depending on the excercise of the 2002 and 2004 options.

    angus

    I hold BSG
 
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