A proven business model to generate value
‘Geological, technological and regulatory constraints are critical factors in determining whether an identified gold resource is able to justify the investment required … to advance to the development and production stages. The number of opportunities that progress decreases at each stage and the total process may take between 10 and 20 years.’ Many of these factors are nullified when opening an historic mine as you have an understanding of the project already.
‘Bluebird is a project developer, bringing historic mines with high return potential back into production’
The teams strategy provides significant advantages over exploration projects in that they are developing and not searching for ounces. Advantages include: