Bluebird Merchant Ventures Share Discussion Threads

[highly geared] 19/2/2019 15:03

$1334 as I write. If the current trajectory continues BMV will be churning out cash flow. Even at 10,000 OZ, every $100 on POG adds $1million to bottom line and on a PE basis assuming PE5, about £4million to the market cap. Timing is looking good....

[digger2779] 19/2/2019 14:35

POG moving up nicely :)

[hazl] 19/2/2019 14:18

end of Feb not long to wait.....

[smicker] 18/2/2019 16:14

I bought a few more at around 2.899 within the past hour. via selftrade

[tsmith2] 18/2/2019 15:48

Could be a real catalyst The application for the grant was submitted on 30 January 2019 and the Company expects to hear by the end of February if it has been successful. As part of the application, Bluebird has supplied its intended drilling programme to KORES. The drilling programme will seek to identify the position of the three veins in a major unmined corridor of the deposit.

[tsmith2] 18/2/2019 15:47

Can't make heads or tails of trades.

[tsmith2] 18/2/2019 14:59

Good climbing. We could well be mining with gold at $1400/oz

[highly geared] 18/2/2019 07:39

Digger, I share your pain with Kefi, absolute shambles...

[the deacon] 17/2/2019 21:46

Undoubtedly relevant. I remember it when it wad released, and great to see it again as a reminder as to how far we've come. As I've said many times, and very exciting, transformational year ahead.

[highly geared] 17/2/2019 21:20

Yes, it is 2018. Easy to say it’s talk lacking action,but; things always take longer in the ‘real world’ but we we’ve seen good progress over the last 3-4 months and the potential looks about to be unlocked.

[hibberts] 17/2/2019 21:13

Yes but still relevant today.

[the deacon] 17/2/2019 19:39

That's a video from 2018 isn't it?

[highly geared] 15/2/2019 18:51

Good end to the week and gold currently through $1320. Starting to warm up....
Will be good to see BMV through and above 3p next week to keep the chart move nicely developing. Have a good weekend all.

[cool runnings] 15/2/2019 09:53

I hope so. Still think some will be loitering

[hazl] 15/2/2019 09:11

........good posts people!

[the deacon] 15/2/2019 07:38

I'd also add that although I'm very bullish on gold over the next year or two, we're not at all dependent on a surging gold price. The transition later this year from explorer/developer to a producer is a huge share price catalyst in itself, and the shares will rerate accordingly. There's no way this will stay at such a low valuation when there's such a company-making event only a matter of months away. Of course, a strong gold price will make the transition and the accompanying rerate all the more enjoyable ;)

[the deacon] 15/2/2019 07:32

Quite so HG. Well said..

[highly geared] 15/2/2019 07:21

Final comment on BMV, this BB is quiet with little activity and about half a dozen regular posters. It’s off the radar. Just wait til this gets going and the gold price surges. If gold goes skyward, the herd arrive and things get ‘frothy’, valuations overshoot to the upside. It’s then you can take your money off the table having bought when it was quiet with little interest....

[highly geared] 14/2/2019 16:57

Posted the above as a reminder to myself of the value here v our current £5 million market cap.
Compare this with the likes of GGP which is years off production and will have to spend a fortune on mine development and a 5 year BFS process and you can see why this looks so good. It’s a 2 year investment timeline minimum but the multi bag potential from such a low base makes BMV a very interesting investment.

[highly geared] 14/2/2019 16:11

Highly Geared24 Jan '19 - 08:09 - 219 of 335 Edit
0 3 0
Let’s say for year 2021 the 2 mines are doing 40,000 oz, as part of a 5 year ramp up.
AISC, we don’t know but should be reasonable as we’re further developed existing mines.
Assume $750/oz and gold at $1250= $500/oz profit.$20 million profit split 50/50= $10 million to BMV. Assume low PE ratio as mine life indeterminacy unless they Jorc it to reserve status (unlikely). Say PE of 5 which implies $50million market cap or c. £40 million.
So, if it goes to plan and doesn’t dilute too heavily , there’s a path to 7-10x the current share price over the next 18 months. Equally, it’s all about the permits and whether debt financing can be secured...

[jimbowen30] 14/2/2019 15:51

I've topped up again today.