Initially BDR management kept telling the market that High Grades Ores are stockpilled and will be processed in Dec Quarter but in reality their grades dropped as much as 40%.
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.. Some thing is not adding up. Either Gold is getting stolen along the process by some one or their drilling results were wrong. Either way reported grades vs gold production does not add up at all.
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Does BDR management care ? I doubt. As long as they keep drawing their Fat Salary, Business Class Airfare (obviously they are tired sitting in glass house of WA office and deserve Business Class Flights) who cares. Once money dries up, another CR, if CR not successful, move on and start another company and do the same.
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My assessment is BDR project is not viable and sooner or latter it will fold.
BDR Price at posting:
6.8¢ Sentiment: Sell Disclosure: Held
