BGF ballarat goldfields nl

spoke to mining analyst

  1. 850 Posts.

    I spoke to mining analyst at Baillieu's yesterday afternoon. He is guy who has put 8 cents valuation on BGF.

    He says they have a resource base of 1000000 ounces, and enough cash to bring it to commercial mining in about 18 months. management is new and strong.

    he feels it is in the process of being re rated.

    On technical basis yesterday was excellent, and holding 4.1 yesterday I think we will see new highs again today.

    Just looking at depth, selling looks weaker than yesterday and buying very strong again.

    Let's see.
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Currently unlisted public company.

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