As a former holder of BDR, one thing that struck me is the ongoing low grade of gold ore milled, something about 0.95 g/t in the latest quarter. The other key metric for me was the tonnes of dirt moved versus tonnesof gold ore mined ratio of about 10:1.
I’ve kept an eye on BDR with a view to re-entering to make up previous losses on the stock.
The metrics cited above will have to improve dramatically to make any re-entry worthwhile.
Without this, and taking account of all the other troubles such as huge debt and plant upgrade issues, BDR looks like grinding slowly into oblivion.
As a former holder of BDR, one thing that struck me is the...
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