1) BDR Gold grades are rubbish, check the last Qtrly Report. I can dig my backyard and will get better grades than these fellow
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2) They are mining and processing in Heaviest Rainfall Area in the World. Half of the year they cant move dirth at all
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3) There was no power, issue has been shorted out
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4) Road are accessible by ferry only.
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.. Lots of promise with no delivery, basically management is working on Fat Salary, Several Corporate Offices and using CR processing to fund their life style.
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I doubt BDR project will ever see green light (of profit) which is already reflected in its share price.
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Next step would be some Administrator moving in to sell the scrap
BDR Price at posting:
6.8¢ Sentiment: Sell Disclosure: Held
