Bluebird Mining Ventures Share Discussion Threads

[rakepat37] 27/3/2020 15:18

Looking good - massive potential and no dilution

[highly geared] 27/3/2020 00:00

The market looks forward. If BMV , in year 1 (2021) has say 7500 oz attributable gold production, at c. $1000 gross profit, that’s $7.5million.If, in parallel, production is seen to be increasing to the planned higher levels, then the market will see the loan repaid in year 1 and a clear path to large cash flows through 2022 and beyond.

Assuming say 12,500 oz attributable in 2022, that should be c.£9 million gross profit and probably £7 million EBIT.

My price target for late 2022 is 12.5p based on 6x earnings, assuming an established LOM.

[andy] 26/3/2020 23:27

cbeadle,


Agreed, they did handle it well, especially their drive through Covid-19 virus check stations, well thought out in my opinion.


Not sure how that benefits BMV in the short term though.....

[cbeadle] 26/3/2020 21:29

South Korea has really been an example to the world how to handle the corona virus outbreak. This should benefit BMV, if they can restart gold production at the two sites with favourable funding terms the share price should really rocket. It’s certainly speculative, but at the current market cap it’s not at all priced in

[andy] 26/3/2020 20:27

HG,


Exactly, so better opportunities in the producers until BMV commence production, IMO, as they're leveraged to the rising gold price right now.


Once BMV commence production, others may be fully valued and there will be money looking for new opportunities, IMO, and BMV may well benefit from that.

[highly geared] 26/3/2020 18:08

It is Andy and BMV will be a producer within 12 months.

[andy] 26/3/2020 16:22

Surely the best value is currently, in the producers, rather than the explorers and developers?

[parsons4] 26/3/2020 15:10

Especially when money printing is out of control !!

[rakepat37] 26/3/2020 14:33

Great news today - Time to buy gold in anyway you can as we are heading into recession and gold has always been the go to commodity when going into recession

[digger2779] 26/3/2020 11:09

Great to see this news. Onward and upwards hopefully. Good also to see that SK are emerging from the coronavirus outbreak. They seem to have managed that really well.

I'm in Spain and it's not good at all and am into 2nd week of lock down. Stay safe all.

[parsons4] 26/3/2020 09:41

Highly Geared I agree
a great medium term investment

[highly geared] 26/3/2020 09:15

I’m optimistic as they are hardly going to formally announce funding then a month later, say they were unsuccessful..... I envisage a further announcement in c. 4-6 weeks to confirm its in the bag.

The short term funding is also good, for obvious reasons.

I’ve been vocal of late in terms of the lack of progress but I can now see the light at the end of the tunnel, or should that be, mine shaft!

I still think the company needs to do more on the news front but funding will enable more news flow on pre production activities. The Kores funded drilling is also there still to activate.

It will also be informative to understand exactly what Southern Gold are bringing to the party in terms of their 50% ownership.

Looking at where we are and assuming things now progress as planned this time last year, production in Q1 2021 looks possible and for the next 5 years I’d be surprised to see the gold price below $1500 average , based on the helicopter money now being thrown by most governments to stave off a depression and what looks like a macro picture of inflation being stoked up by the trillions of $ being created from thin air.


BMV , along with ALTN are my 2 biggest investments , also have a small stake in GRL + several resource “ bottom drawer” stocks with a lot of financial pain attached to them...if copper and lithium (EV’s) prices recover, maybe I will get something back...

All the best

[andy] 26/3/2020 09:12

cool,


So it's not a done deal then, otherwise they wouldn't need to put in that "standard waiver", would they?

[cool runnings] 26/3/2020 09:07

Standard waiver !

[shieldbug] 26/3/2020 09:02

Re funding secured - "Whilst the company is optimistic for a positive outcome there can be no guarantee that this will be successful."

[bo doodak] 26/3/2020 08:36

Well done BMV.

[cool runnings] 26/3/2020 08:22

Funding secured

[tsmith2] 26/3/2020 08:18

Exciting times indeed

[nw99] 26/3/2020 08:14

Fabulous news

[parsons4] 26/3/2020 07:20

Well some news at last. They are arranging non-dilutive borrowing, that's what we want. Now looking very good. gla

[skyship] 26/3/2020 07:18

$5m non-dilutive production funding from a local company. Excellent news - see Header.

[cool runnings] 25/3/2020 17:13

Looks a cash and new to me ?!

[euclid5] 25/3/2020 16:40

2 x 452k buys today at 1.45 and 1.47p - which pushed the bid/ offer up

[tsmith2] 25/3/2020 08:38

I meant is the exciting times comment relevant to BMV, as in are you expecting news