I recall exiting BDR at $0.31 earlier this year and lamenting the extra $0.20 in upside I missed out on with a largish holding. I did, however believe that a $500m+ market cap was overstretching the mark at the moment although when the gold bull stampedes that will drive valuations nuts.
I have been buying at these levels for the short-term as I expect the following:
1) A 50,000 oz+ Dec production Qtr
2) The POG will rebound strongly in January (like this year)
I can see the BDR SP easily hitting $0.35 in January.
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