chart - time to liquidate!, page-16

From a fundamental perspective BSG should see its next price surge with the release of Ocampo BFS results in March. Then another with project financing. Similar surges should occur with Roseby as it takes the same path. A lot of value in these projects is not yet recognised and as the risk lowers with better information and moves closer to development and production the market will jump on board on board.

On this basis there may be some short term price malaise until March but its hard to see this stock getting too much lower unless the gold price takes a plummet.

Its ongoing cash flow from Georgia should prevent the normal price impacts that occur from placements, which are very common with stocks going through the cash drain that goes with bankable feasibilties. BSG has two feasibilties on the run, but also has excellent cash flow.

must admit that despite its potential, it has been a slow but steady price mover during the recent gold price surge.

acturtle