I hold this stock and have to ask the question.. "Why isn't this stock worth alot more??"
I may be missing something here but this is what I do know:
1. Very High Grade and Unhedged Gold Book; 2. Back to full scale production; 3. Production estimate of 80,000 -100,000oz this year; 4. Significant increase in reserves; 5. Malaysian Smelter Co last week announced as cornerstone investor; 6. Plenty of cash; 7. Federal Government support.
All I can think of is that the market are waiting for first quarter production (and costs), or would like to see reserves increased further. Mine life approx 5 yrs at the moment, however, very prospective and expected to increase with further drilling.
In addition, funding from Malaysian Smelter Co, to enable increased exploration.
Can anyone have a look and let me know what I have been missing on this company.
To me, it looks as though once there is greater attention in this $80m company, then we should see the hsare price really move. My opinion, but again, please share your thoughts.
BCD Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held