I've only been holding for the last year or so, so I'm afraid I can't help you there, but it wouldn't surprise the way Mr Dudley holds the money.
He's an accountant and I wish all stocks I owned were run in the same fashion as he runs BOA.
Even if we hit it big, there will be no rush to do things, he will get the best deal at the best price for any placement to pay for further drilling etc.
Anyone want to have a stab at where this could go if they strike it big, considering only 45m shares?
I'll, go first. Given SIR just up the road and it's valuation, considering the conductor is bigger, I'll say $10/sh, giving a market cap of only $450m. Given further drilling proving up a large resource and rich, with say only another 5m shares, then $25-30 is possible.
That to me is why it is such a good opportunity to be in, the risk/reward ratio is just fantastic. It is a possible 100 bagger from here!!
BOA Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
