BDM 1.00% 9.9¢ burgundy diamond mines limited

Don't drop your pants yet guys. Lets recalc that EV - 8 mill cap...

  1. 5,466 Posts.
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    Don't drop your pants yet guys.

    Lets recalc that EV - 8 mill cap & 6 mill cash - but 5 mill cash already allocated to the new venture so EV of the company (including the new venture) is 7 mill. A bit different to what the rampers say.

    For that 5 mill you get 25% of a goldie in Peru which shows narrow veins at outcrop (1m approx) Yikes !!

    That is a mighty expensive bunch of veins, but yes I acknowledge the potential.

    You also get a bunch of oilers who have been waiting for months to get some money back - quite a bit of downside there.

    IMO you could be able to buy here sub raise before they put the first hole in - then it is Sydney or the bush.

    Cheers - DYOR but note my sentiment.
 
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