Added to YB: 2026-02-27
Pitch date: 2026-02-24
BGL [bullish]
Blue Gold Limited
-3.62%
current return
Author Info
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Company Info
Blue Gold Limited acquires, develops, finances, licenses, and operates gold mines in the Ashanti region of Ghana.
Market Cap
$78.4M
Pitch Price
$2.21
Price Target
9.15 (+324%)
Dividend
N/A
EV/EBITDA
-9.48
P/E
-15.08
EV/Sales
N/A
Sector
Metals and Mining
Category
special_situation
Blue Gold Ltd (NDAQ: BGL)
BGL (legal arbitrage): PCA arbitration vs Ghana over Bogoso-Prestea gold mine lease terminated Sept 2024, 8 days after $140M funding secured. Ghana violated Act 703 Section 27 & UK-Ghana BIT Article 3(1) on fair treatment. Claim >$1B (now +21% w/gold). 57% ICSID win rate × 40% avg recovery = $228M EV. MC $103M = 294% upside, 24% CAGR to 2033 award. Early stage = 25% implied prob vs stat avg. 74.65% discount.
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