The next gold stock which looks promising is Bellevue gold ltd.
This is a developer which will start producing gold in the second half of this year. Hence it is higher risk then proven producer. However they have quite a few vey experience personnel in the board being former executives of Northern Star. It is a low cost mine with asic of about Aud$1100 per ounce reflecting the high grade It has a 10 years mine life producing about 200,000 ozs per year. One can find out more from their recent announcement. However the proof is in the pudding ; in other words it would not be fully prices ubtil they can prove that they can achieve what they say and that is the risk. Any missed from guidance and the stock will be massacre.
I don’t hold any shares in this stock yet but am planning to buy in very soon based on the charts.
It looks to have printed a weekly cycle low which is a low risk entry point but the lastr weekly cycle low may not be correct ie the possibility of a lower low still exist.
Here are the charts. And do your own due diligence.
And lastly the monthly chart. We an see a large or long basing of about 3 years with bvg. Prices have not broken out of the neckline yet. But with the short term downtrend broken it is very likely that this run up may breakout of the neckline 2. But if it does not work out the last daily low (about $1.20) will be where I will exit. But if it does work out the upside is large like $2.59 in a couple of months. That is the risk reward situation. Also my most profitable trades has been when I can get into a stock when it just breakout from a large base. The bigger (longer) base the better.
