I had a thought today. Did not the announcement 'hint' that they have found a sister to Tucano and a possible repeat of Duckhead. So, if BDR doubled their resources AND found another 40 or 60k one off high grade, would not the share price increase.
What I did not see, did I look hard enough, was how many holes they dug at the nose. Maybe they drilled 200 holes, and hit on 8, four with good hits. That is not so good. But if they drill eight, and all eight hit to bottom of the shallow hole, well that is good.
And, of course, who knows how to judge finding a few pellets with some gold flecks in it. In any case, the market was not too impressed. Maybe, just maybe, the market is taking the BDR announcements with scepticism. I wonder why that would be.
BDR Price at posting:
17.5¢ Sentiment: None Disclosure: Held
