bmb vs. small resource index (xsr) - update

BMB is still showing a very strong correlation to the average moves over the entire Small Resource Company sector.

It's good to know that we are moving (and keeping up) with the average of our peers.

The sector is still well and truly entrenched in a bear market, down 28.3% over a 52 week period.

With China now expanding after seven quarters of contraction, and USA housing, confidence, leading indicators and employment now heading in the right direction, IMO the market bottom was during the July September period. The USA needs to now negotiate an appropriate resolution to the Fiscal Cliff and we'll be off.

Hopefully Europe's slowdown won't get much worse. I imagine that October 2012 - March 2013 will be their low.

BMB has now just got to wait for our sector's sentiment to improve, and perhaps (maybe) wade through some CR related selling...... unfortunately a few S.I.'s will always sell... LOL! (although I think most who want to sell have already sold).

Nice results today!!! We just keep adding value and when the market conditions are back to normal, the value that has been added now will be acknowledged in the SP, it always is....!

Good to see that our high grade silver still remains open at depth and also open to the north-east.

Red: BMB
Black: Small Resources Index (XSR)