The numbers speak for themselves: flow rates that would make Lincoln County a far more valuable proposition than Galactica Pegasus. This much we knew in December when this opportunity was first presented, now confirmed.
As always with BNL, more questions than answers. The small matter of funding will have a big impact on the company. The word ‘production’ gets thrown around a lot, and gets shareholders excited, but really needs to happen soon. With a stable income, BNL can borrow the $4M US/ $10.2M US (depending upon purchase option). Without income, we will get diluted out of existence as we face share issue after share issue.
Let’s get to GalPeg production first, borrow the $$ for Lincoln, stabilise income and production, and stabile the share price.
BNL Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
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