where is hole #2, page-2

Maybe someone in oz can call BYR and ask them for hole 2 and any other data they may have.

Hole 2 should be better than Hole 1, but I suspect the overall picture will be more of the same. A big IOCG but with significantly lower economic potential.

When we were at 40c, I thought that seemed about right in valuation considering a hot new IOCG discovery, Mansounia, and PRU waiting in the wings. A few people came on to post that our price was overcooked, but given those 3 points I could justify the price back then.

Ron's bad behaviour aside, since then we know that the IOCG is not so hot and it will need a lot of work before bean-counters could indicate one way or another whether they will throw money at it for development; and, PRU may have stepped aside.

So obviously now we are worth less. Nearly always when a company changes value fundamentally (be it up or down), the market overshoots before price stabilises. I've not guestimated if the "right" price is higher or lower than today's price. But with all those options still in the money, big negative sentiment on the stock, and a general market that is currently adverse to risk - I was fairly sure that BYR would overshoot downwards to a fair degree, and it seems that is playing out.

IMO, it's best if holders look at the pieces that remain and work out where the value is, rather than watch every agonising tick move down. Nothing will happen about the Ron factor, plenty of others have done worse, and nearly always the market eventually forgives them before they act up again.

There is still near term hope - A technical bounce, better Balatindi results, and / or Mansounia drilling might help holders waiting in the departure lounge to board their flights.