Your warnings are sound Peppie. The key for me is the question around what is BB's role. I see it as being to deliver value for shareholders from the point he took over. In basic market terms that's from the current share proce range. This will require sound company management plus some luck. Can't do a lot about the latter but he is equipped for the former.
Re sand background. I think we've discussed before. If the destiny is to run a sand mining operation then I expect him to equip the company with the right personnel and relationships to do it well. I don't actually see it as essential for BB to personally have sand mining expertise. At his level it's more important that he can make good and economic management decisions.
The first of these is around the process of extracting value from Coburn. There are a range of possibilities as to how that could take place and return value to shareholders from current levels. Personally I'd be quite happy for him to farm the bulk of it out along the lines of the Mt Gunson copper deal - so long as I get a mutiple return from here
Whatever the case, allowing the optimistic scenario that BB can get a deal going on Coburn, my targets are from around 5 cents to 25/30 cents depending on the outcome for GUNs share of the future.
Failure to get a Coburn deal probably means a sub 1 cent price range while raising capital over the next few years to try and advance one of the other projects or until the copper deal bears fruit (potential to put many millions into GUNs bank account).
GUN Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
