Not a great report but I was expecting even worse.
I am sure many were expecting disaster. Adding to the pain is the tough time Gold is having.
The report portrays a clear path....whether Nicole & management will be able to achieve, remains to be seen. I am sure Nicole must firmly believe in it that's why she has put her own money at risk plus her reputation on the line. I hope for the sake of all shareholders and stakeholders BDR pulls through this difficult period.
70-80 k ounces of gold for the next two quarters at AISC $US 1000-1100.
It is still very risky but I am willing to take on this risk.
All I can say is BDR will live to fight another day.
BDR will be listed in TSX-V for sure.
BDR Price at posting:
5.3¢ Sentiment: Buy Disclosure: Held