Look at the escrow announcment on 14 September, then look at a chart and see the retrace from late September and into October/November (indicitive of selling, imo) . This is generally a low volume stock (there is not much scrip) but the size of the sell parcels today was indicitive imo of ex escrow parcels selling . That is fine, as it is their perogative to sell at such low prices .
But, the co has over $5 million at hand to use for JORC exploration/assessment . The marcap is $13 million approx, so subtracting cash leaves approx $8 million for their current assets of 279,000 oz JORC Gold resource which is valued at $320,000,000 (not considering capex) .
BDR is not expensive on cash, marcap, or assets and what I assume is ex escrow sellers should be thanked for their actions at giving us such a low entry still .
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