i've just piled in, page-43

The original guidance of 460 was not priced in the sp. If it was there was already major concerns about 2013 and 2014.

For the life of me I am not able to find the facts that indicate a need to shave 35% off the sp. Even if the company has no growth for the next 2-3 years it is worth more than 1.55.

Been buy parcels most of today as I am a believer in the long term story. None of the big boys are just going to shut shop. Maybe negotiate lower prices but will still need to drill. And BLY are exposed to commodities that are still in flavour.

If the market believes the end of mining is nigh why are none of the the other listed drillers down 30% or the miners for that matter....

DYOR