I'm just as disappointed as every other investor in BRB to see...

I'm just as disappointed as every other investor in BRB to see the sell down in share price. I think it has been oversold due to the snowball effect.

Unfortunately I think the news flow was too good and people started reading too much into it at this early stage ..... we need to keep in mind that its only been 12 months of actual resource determination drilling. I think the excitement of this new gold discovery got investors very excited and unfortunately also brought the expectation of a huge maiden JORC resource release, which of course lead to investor disappointment.

A resource of 624,000 ounces gold is nothing to be sneezed at. Approximately half of this maiden resource is at an average grade of 4.2g/tonne. Bearing in mind that the 624k oz is limited by the amount of resource drilling conducted to date, there is still a lot of significant upside.

Management have released an Exploration Target of 1.1-1.3 Million oz (grading 2.0-2.2g/t Au) which is double what they have defined so far. However, this Exploration Target could be quite conservative as it does NOT include any gold mineralisation along strike from the Bombora deposit, nor any mineralisation below 400mbs. The current resource is also still open in all directions.

To see directors outlaying significant amounts of their own hard earned dollars to invest in BRB at current share price levels is a sign that they see significant value at present with the view that there is much value to be added as more drilling takes place. I strongly agree with Pinto and am very encouraged by directors buying at present.