new high for the year, page-39

There is absolutely no way you would want to sell any BDR Loki, except for a small portion in extreme circumstances if you really insisted on opting for a free carry.

Over the coming year BDR will be producing between 150,000 and 200,000 ounces of beautiful Brazilian gold at a cash cost of $400, gold is likely to be near $2,000 an ounce, and the drilling from Duckhead will be providing the ASX with regular announcements of strikes like (and I quote), 10m @ 71 g/t gold, and 5m at 139 g/t gold etc...

Only an imbecile or a bankrupt or a professional trader would actually sell any BDR now. They are even more valuable if you were able to purchase your holding under 70 cents, and preferably closer to 60 cents. Just sit back and enjoy the ride. As far as BDR is concerned, see you next December, as we hopefully ride into another end of year 2013 Australian Summer gold rally.

Within 18 months BDR could be $2.50, and that is over 300% profit for me, and worth waiting for. Patience is a virtue of the wise, and rewarded in gold.

Gw

In Hoc Signo Vinces (latin) - "In this sign you shall conquer"
(Constantine - 57th Emporer of the Roman Empire)