Is any of this right ? Answer to your question is NO. At those grades, Gold Mining is Highly Profitable. But fact is these guys are loosing as much as 50 Million Dollars a year, each year and reason given are Low Grades
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So some thing never added up. Either they Fudged the Grades or Gold is Missing or both.
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They were not able to pay their invoices either (to Excavators). MACA payment will be made in future in installment or in shares or both (If they survive)
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At this stage, BDR Survival chance are less than 1%
BDR Price at posting:
5.7¢ Sentiment: Sell Disclosure: Held