Beadell Resources (BDR)

Yeah, but you gotta put your feet in the water sometime, I picked up a parcel today under 30c - that's a great price even if it does go lower.
The numbers this quarter was made worse due to 1. Iron Ore 2. Pre-Strip for Duckhead (moving waste material)

Next quarter will be far lower cash costs because they are using 50% from duckhead and the rest from low grade stockpiles.
Duckhead could turn out to be a massive deposit with huge grades - I bought some today because you never know when someone might want to make a bid for a takeover/merger (like Obis Gold, which was on my list).

NST looks pretty impressive as well, but ill wait a bit longer. And as Ive always maintained I think EVN will be the next Newcrest in Australia
 
Picked up another parcel of these guys @ $0.200 the other day to average $0.214 overall. Once pre-strip for duckhead is complete it should be down to business for BDR getting cash cost down to a respectable level. Very interesting deposit they are sitting on! hopefully drilling proves the deposit to be sizable for a long term mining venture.

Nice moves up today for most of the Gold Stocks!
 
Go Beadell, show me that monster deposit and prove why I bought you all the way back in 2010 ;)

RC drilling of the Duckhead Main Lode at the base of the open pit has intersected significant gold mineralisation extending beneath the current open pit limits. Gold results include;
FVM514 28 m @ 266.8 g/t including 1 m @ 6,844.6 g/t
FVM515 53 m @ 47.4 g/t including 1 m @ 1,218.5 g/t
FVM511 16 m @ 57.7 g/t including 7 m @ 126.9 g/t
FVM510 23 m @ 36.9 g/t including 4 m @ 197.6 g/t
FVM508 14 m @ 25.9 g/t including 1 m @ 294.5 g/t
 
SilverSanchez said:
Go Beadell, show me that monster deposit and prove why I bought you all the way back in 2010 ;)

RC drilling of the Duckhead Main Lode at the base of the open pit has intersected significant gold mineralisation extending beneath the current open pit limits. Gold results include;
FVM514 28 m @ 266.8 g/t including 1 m @ 6,844.6 g/t
FVM515 53 m @ 47.4 g/t including 1 m @ 1,218.5 g/t
FVM511 16 m @ 57.7 g/t including 7 m @ 126.9 g/t
FVM510 23 m @ 36.9 g/t including 4 m @ 197.6 g/t
FVM508 14 m @ 25.9 g/t including 1 m @ 294.5 g/t
Click to expand...

They also hit that new target 500m from Duckhead which could show some really nice mineralisation when a comprehensive drilling program is undertaken.

Might pickup another parcel <$0.30 in a week or two. See how the Euro situation plays out and the correlation with gold prices... with a P/E ratio of <3 its a steal IMO.
 
What do they want? That's all brilliant intersections being announced means to me.
 
finicky said:
What do they want? That's all brilliant intersections being announced means to me.
Click to expand...

Reading drill results is a skill, its 4 dimensional process - depth, length, spread, and time
But the wrong thing to say is brilliant is high and crap is low.... that's the non-geologist mind

They are obligated to release results, they have a responsibility to existing shareholders and future shareholders who know who to do research on a deposit.
 
SilverSanchez said:
Yeah, but you gotta put your feet in the water sometime, I picked up a parcel today under 30c - that's a great price even if it does go lower.
The numbers this quarter was made worse due to 1. Iron Ore 2. Pre-Strip for Duckhead (moving waste material)

Next quarter will be far lower cash costs because they are using 50% from duckhead and the rest from low grade stockpiles.
Duckhead could turn out to be a massive deposit with huge grades - I bought some today because you never know when someone might want to make a bid for a takeover/merger (like Obis Gold, which was on my list).

NST looks pretty impressive as well, but ill wait a bit longer. And as Ive always maintained I think EVN will be the next Newcrest in Australia
Click to expand...

Told ya's
 
bellinvest said:
Picked up another parcel of these guys @ $0.200 the other day to average $0.214 overall. Once pre-strip for duckhead is complete it should be down to business for BDR getting cash cost down to a respectable level. Very interesting deposit they are sitting on! hopefully drilling proves the deposit to be sizable for a long term mining venture.

Nice moves up today for most of the Gold Stocks!
Click to expand...

I second that motion. Up nearly 80%... same with PRU. Good entry!
 
Ahh, tempted to dip the toes in again at these levels. Still feel like POG has legs to get up to $1350 in the next month or two and this may be a brief correction. Anyone more experienced than I care to weigh in?
 
Well at current Gold prices, Beadell resources can make money even with a $400 drop in in POG, given their P/E ratio is so low your risk on a long term buy is lower than your reward. Shorter term trades - I think the direction is down (dunno if it will make a new low or not), but you could buy some now some later. Its really up to you
 
Yeah I'm still in at 65c lol. I might double up at around these levels. I'm see'in red. xP
 
BiGs said:
Yeah I'm still in at 65c lol. I might double up at around these levels. I'm see'in red. xP
Click to expand...

I was in at 31c and also seeing red. Was seeing a tidy profit for a while there, but didn't take it because I'm in these rock bottom price commodity stocks for the big gains. Wake me up if it hits a buck.
 
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