BNR
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2.44% 4.0¢ bulletin resources limited

Ann: March 2012 Quarterly Activities and Cashflow, page-4

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  1. PuzzledMonkey
    442 Posts.
    lightbulb Created with Sketch. 14
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    01/05/12
    11:34
    Post #: 10114336
    re: Ann: March 2012 Quarterly Activities and ... I'm not sure why the market is surprised. The broker report forecast cash costs of ~$950/ounce. At $1,000/oz it's still very undervalued.

    Hopefully management hedge the first 40,000 ounces to derisk the project. Thereafter expand the resource and mine unhedged.
    BNR Price at posting: 11.4¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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