Always fun ruminating about but let's look at the wild...

Always fun ruminating about but let's look at the wild cards(unknown unknowns) :
1.valuation partly due to inground value of gold - let's say $50 per ounce- however this will climb depending on the price of gold - I think it will go up but who can be sure?
2.a potential bidding war among the majors for this little minnow BBX. Given the tight supply,the bidded price may bear only a lose relationship to normal valuations particularly if we are looking at a control premium.
....let alone the known unknowns such as
3.resource size
4.costs and efficiency of extraction
....and the there's black swans such as major geopolitical events and sovereign factors

In previous threads we've looked at charts that have gone ballistic, and it is likely that BBX will look like one these.Investors who sold when their stocks reached a "sensible" valuation cashed in far too early.The best profits for all are made when the majors have a cash bidding war.