Bluebird Merchant Ventures Share Discussion Threads

[andy] 17/10/2020 09:39

HG,


You have to wonder why SAU, using your rationale, would put themselves in such a disadvantageous position?


My experience of Aussie miners is they are a hard bunch and don't give much away.

[highly geared] 16/10/2020 22:58

All the above does, is confirm the valuation by the independent expert will be based on the data available to value the mines. The JV agreement allows for an independent 3rd party valuation which both parties are bound by. It could be construed that the lack of NI 101-43 or JORC resource works against SAU in terms of the mines current value.

SAU didn’t agree with BMv’s valuation hence an independent expert appointed.

Not sure what your point is Dream. The expert determines the value and BMV pay SAU the valuation price....

The mines will be valued by the expert based on the assets that can be determined from the data. The share price is based on collective psychology of the market as to what it thinks the assets could be worth in the future, discounted for its current stage of development.

[highly geared] 15/10/2020 22:12

Had a reread of past RNS’s and the Align Report. Whilst not to JORC code, estimated c. 700,000 oz across the mines with easy potential to mine 1 million + oz.

With a 5 year ramp up to 100,000 oz, easily a 15 year LOM across the 2 mines.

In 2024 , at 50,000 oz and clearing $1500 / oz gross profit, easy to see £40-50 million EBIT and a share price 5-10x current levels.

[bo doodak] 13/10/2020 16:11

Now consolidated, and starting to push on past the previous high of the listing price. Good enough for me.

[digger2779] 13/10/2020 15:50

Disappointing day for some haha

[dreamtwister] 13/10/2020 13:31

read the feasibility report & the jorc will settle your frustration!

[andy] 13/10/2020 13:16

Cool,


So how many ounces are in the two mines?


In a tier 3 jurisdiction gold is worth around $20-25 in the ground, in tier 2 where you might put Korea, say another £10 an ounce?


If they're aiming for 100,000 oz Au PA then I guess they are claiming quite a lot of ounces

[cool runnings] 13/10/2020 10:44

Different mining codes have methodologies to value mining projects with or without JORC... there's not an issue here

[andy] 13/10/2020 10:17

dream,


I am also wondering how the arbitrator can give a value when no JORC exists for the property?


It will be interesting to see how that is calculated, and how the buyout is funded.


I wouldn't have thought SAU will take BMV paper, as they need cash to fund their other projects. An NSR will probably form part of the deal, IMHO.

[bernieboy] 13/10/2020 10:12

Nice to see us start to play catch up finally.

[dreamtwister] 12/10/2020 21:35

interests,

[1jbrisky] 12/10/2020 19:38

Good to see more definition with the timescale here.
Dreamtwister.
Give up and try somewhere else Bud. Granted nothing is ever perfect (with the possible exception of Martin Johnson) but look at the POG, what's in the ground, what it's going to cost to get it out of the ground and then look at the market cap. I can think of dozens of other BB's where your constant negativity might actually have some effect. Try somewhere else, we're bored of you.

[andy] 12/10/2020 13:31

cbeadle12 Oct '20 - 11:38 - 2320 of 2321


Ok, glad you cleared that up! :-)

[dreamtwister] 12/10/2020 12:37

holding in certificates or those pesky shorters will sell @ 0.96ps

[cbeadle] 12/10/2020 11:38

Very few holders are selling any shares

[andy] 12/10/2020 11:06

cbeadle,


"is in highly sticky hands"



What are you suggesting? :-)

[cbeadle] 12/10/2020 10:11

Very little interest all things considered, but it’s quite nice to be in a share where there is little BB noise, and most of the equity is in highly sticky hands!

[euclid5] 12/10/2020 10:10

Better this way of funding rather than heavy placing dilution with added warrants

[andy] 12/10/2020 09:32

So, they are selling 25% of the production at 80% of the prevailing price of gold, a hedging type arrangement. That will knock some of the calculations back a bit until it's cleared.


And no mention of how they'll fund the buyout, will that be via equity I wonder?