Bluebird Merchant Ventures Share Discussion Threads

[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.

[tsmith2] 14/2/2019 13:14

Target price or up to?

[highly geared] 14/2/2019 10:01

The SK government wouldn’t be offering incentives/ grant funding support for drilling if the permits aren’t going to be granted ( illogical otherwise), so I see this as purely an operational execution process to get the mines working again. How it’s financed remains unknown but we’re talking modest sums in the bigger scheme of things.
Timing is great here in terms of what Gold will likely do over the next 5 years in my opinion.

[cool runnings] 14/2/2019 09:38

Shareprophets buy 5 p just came out

[cool runnings] 14/2/2019 09:28

Yeah wins bought 750k yesterday at 2.81

[highly geared] 14/2/2019 09:25

About 40 minutes ago, c 272887 shares. Stock around as paid under mid.

[cool runnings] 14/2/2019 09:08

When did you get some more ?

[highly geared] 14/2/2019 08:41

I’ve just got some more and just about at my one million share target. I like this one on a number of fronts and think it’s got good multi bag potential.

[the deacon] 13/2/2019 12:43

Still a long way to go. We should be at least 4.5/5p whilst waiting for the permitting. After that, I can see a march towards double figures as we transition into a producer. Exciting 9 months or so ahead

[digger2779] 13/2/2019 12:40

Strange share price movements but not complaining as long as she goes up.

[cbeadle] 12/2/2019 15:54

This is starting to fly! Almost through 3p now!

[bo doodak] 12/2/2019 15:25

Meanreverter, thanks, I should have spotted that. Quite disappointing that authors' can't even be relied upon for matters of a factual nature.

[meanreverter] 12/2/2019 15:04

Bo Doodak — Your quotation from Frank Holmes' article is accurate: "Nearly 3.5 million people, almost a quarter of the entire country’s population, ... ". Unfortunately, Frank Holmes himself is not so accurate. In 1998, the population of South Korea exceeded 46 million. Arithmetic doesn't seem to be Frank Holmes' stromg point.

[tsmith2] 12/2/2019 14:12

4p on chart, prompt

[bo doodak] 12/2/2019 01:14

The Koreans seem to have a real affinity to gold - 1998 it was 'estimated that South Korean households held roughly $20 billion in gold'



'Nearly 3.5 million people, almost a quarter of the entire country’s population, voluntarily participated in the campaign. Queues of people—young and old, rich and poor—stretched for blocks outside special donation points, all of them answering the call to help their country. Yellow ribbons proclaiming “Let’s overcome the foreign currency crisis by collecting gold” could be found pinned to people’s shirts.'

Now that is what you call loyalty and self sacrifice.

[tsmith2] 11/2/2019 14:22

Any comment on shareprophet?

[hazl] 11/2/2019 14:05

Very well put euclid and reassuring.

[skyship] 11/2/2019 13:58

Euclid - thnx for the above...

[euclid5] 11/2/2019 10:35

Bluebird secured the opportunity for the South Korean mines from Momentum Resources (MR) who have been engaged with a number of projects within South East Asia over the past decade. The MR team are professional mine operators and have many years of experience in all aspects of mining and are based within East Asia. The team will join Bluebird and have been incentivised to achieve key project milestones as described in Appendix 1. Colin Patterson and Charles Barclay collectively own 23% of MR.