BSG bolnisi gold nl

bolnisi gold - revaluation

  1. 2,218 Posts.
    I had a decent look through the RFC report last night. As previously mentioned, the range of valuations given by RFC were 32-48c, depending on various assumptions and dilution factors. The 'mid' point diluted value was 40c. This is based on a FY2003 gold price of USD320 and exchange rate of 58c. Looking at the sensitivity tables given in the report, if we use current gold prices and exchange rates (say USD340 and 56.5c) for the purposes of calculation, the valution appears to rise to over 45c. This is just my crude interpretation: do your own DD as ever.

    I'm sure looking forward to those freebie options next month. Might come on at 4-5c?


    I hold BSG
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