Sadly I was sin-binned for a few days; however, rumours of my demise have been greatly exaggerated.
M26: I checked the top twenty list as of the close last night and it shows that they hold some 283,667,364 shares between them and that represents some 86.26%. However, a closer look at the list and the double name entries it does appear that the top twenty is in fact around the top ten.
S_time: Many thanks for your kind if not somewhat suggestive words of encouragement. My broker report at the close of trade yesterday did have a healthy looking green number in one corner and that was very satisfying. A classic case of “He who dares wins!”
I dare say many people will think they have missed the boat on this company after a two day 100% move; however, like you I also believe we have yet to see a true revaluation for this company.
My back of the envelope calculations seem to agree with M26’s when you add in the credits for the other precious metals contaminating the Gold it appears to indeed be around six ounces of Gold equivalent per Tonne of material tested. If this proves to be the case from the actual drilling results due to commence once the environmental licence is in place (end of June early July) then these truly are Bonanza grades.
Given we currently have a total number of shares on issue @328,855,333 and clearly now some very much in the money options; in my opinion if this explorer can transition to a producer with around 400M sharers in play we could see fireworks in the future.
Congratulations to Jeff and his team for being so tenacious in tying down a repeatable and reliable assay method that will no doubt lead to a suitable larger scale extraction process.
With a sloid reputable management team and these kinds of grades at shallow depths I feel things bode very well for the future for those shareholders that have shown their personal intestinal fortitude by holding their resolve.
Hopefully we will see more of the 5 and 15Kg assay results announced as we eagerly wait for the drill rigs to arrive on site. Good luck to all holders and to those watching for a suitable entry point I suggest not leaving it too late.
Cheers and very best regards: Andy
BBX Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held