elzephyrus , Jid is more in tune with BSM and DRA than me as I think he owns both. I hold BSM indirectly through a small share holding in MFC. DRA is mainly a gold play they seem to have made corporate mistakes in the past , the sale of their Eritrean JV interest being one of them IMHO long term they have been a high cost miner I am not a long term gold bull as think rising interest rates in the USA will strengthen the $US I am not aware if DRA still holds any hedge positions , but it is one reason I like EVG as the hedge gives security, also EVG should be a low cost producer which gives them considerable leeway if gold tanks. I would tend to go with BSM although feel you can pick it up cheaper through buying MFC. Operational managment of BSM is not great IMHO they missed their development timeline targets as failed to dewater ahead of their decline development. However I feel the metals they are mining will be in sustained demand and they have had some decent drill results recently which long term will improve the economy of their under-utilised plant.
Sorry if this summation is more of a general opinion than a detailed analysis, by reading any broker reports or recent ASX announcments (I have not ) you will get a better idea of current situation
EVG Price at posting:
12.0¢ Sentiment: None Disclosure: Held
