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#Exploration
Added 5 months ago

44m at 4.6gpt. Thick and high grade. These are things my missus wouldn't describe me as.

Z126 assays out with the headline hole coming in at 44m at 4.6gpt, which is along strike to the initial discovery hole of the third lense. Strike extent is good so true measure will be depth extension. Not jsut here but at lesnes 1 and two as well which part of ongoing drilling as per below:

3d4eb957d8b416f706c93c66dba475039546c6.png

Also to now the plan view highlights the mapping for potential repeat lense that may exist down plunge along the structure.

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Blue sky remains open across the project with results continuing to deliver with the new ownership showing how their rethinking of the geology of the project is unlocking value and creating multi million ounce potential.


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#Raise
stale
Added 6 months ago

Impressed a bit with the BNZ raise. Last close was $0.985, up ~60% in 2wks and is a 52wk and 4yr high. Raised $30m at par to last close. A lot of gold to be found and $40m in cash will go a long way in showing that.

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#Exploration
stale
Added 8 months ago

Like ORD, BNZ is taking an approach to exploration in which they demonstrate where they will drill such that investors can get a sense of what could come from successful drilling.

Below is from today's release on the southern end with the '+' symbols marking pierce points.

2f645004a07238491aec9313e75465c334da3d.png

Below is from a prior release on drilling at the norther zones.

240526613bba669a84e6a31b714294f4744440.png

30km of drilling that is funded gives scope for some serious resource expansion at Glenburg whilst a reasonable EV of $55m means that if the assays come back showing resource expansion is coming, it can re-rate materially.

I like this one as I think there is a reasonable case that some time next year we can be talking about it being 1-2moz with further upside and how large a plant may be. The current EV and ounces also limits the downside. As such, I see this as an attractive asymmetric bet on an explorer, something I have found a lot of lately.


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