BDM 0.00% 10.5¢ burgundy diamond mines limited

Looking at the end of Preso, Seems to me the play is to prove up...

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  1. 3,615 Posts.
    lightbulb Created with Sketch. 23
    Looking at the end of Preso,
    Seems to me the play is to prove up holding then look to get Taken over.

    The last part they make special note of ;
    " Rio Alto bought for 1.3 Billion CAD "
    " Arequipa Resources bought for 1 Billion CAD "

    Mr. O'keefe's intention may be to never mine, but to firm up the prospect
    as much as possible, to make it attractive to the major locals already producing
    near the location.

    Either way is good, with this approach a lot less risk.
    No development costs etc.
    Just what I got from it,
    thinking out loud?
    GL
 
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