15m buyer, page-46

value of shares traded so far today (circa $1.5M as at midday EST) equals approx 30% of yesterday's market cap ($5M) or 45% of wednesday's market cap ($3.6M).

that's why this baby can really fly if they get good drill results; i.e. the current market cap is still miniscule (circa $7M at 1.1c). one needs to remember that it's all about the market cap. fundamentally speaking, any talk of 0.5c, 1c, 2c is irrelevant unless taken in the context of the number of shares on issue (i.e. in the context of the market cap).

so the question should be, what is a reasonable market cap for bgs?

certainly that depends on the success or otherwise of the drill results. But even reasonably good results could quickly gain a market cap of $50M to $100M (which correlates to an sp of 8c to 16c.). likewise, poor results would see the s.p. dive ...

this is still currently a very speculative stock but, in my opinion, it has an exceptional reward to risk ratio even at double the current market cap.

k

note: this is NOT investment advice and is just my personal opinion as it relates to my own personal financial position. investors should consider their own personal circumstances and risk tolerance before investing.