I am hopeful that after the eis announcement the sp should have a very serious rise to 50c+, I believe that the eis has already been done and is only a matter of weeks away from an announcement. Once eis done and dusted I think the final funding approval will follow shortly after and the sp will hopefully rise closer to the $1 mark. Long term I think that the sp can be multiples of this. Had a good look through their web site the other day and they have a lot of the boxes ticked. On the ore issue you also have to remember that this company has also been investigating supply of Iron Ore for over 18 months, so an announcement on that one I would imagine will follow with the many other to come in the next 6-12 months. Long term this company and the sp will be a major player producing steel in Australia.
BGD Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
