BRB 0.00% 47.5¢ breaker resources nl

Ann: More wide, shallow, high-grade gold intersections, page-130

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  1. 42,485 Posts.
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    Everything has a price even when the exact value is uncertain .
    We estimate the most likely final resource and we estimate the most likely cost of proving it up and then developing .
    Investors often seem to be optimistic on the former and play down the latter .
    Personally ,me too for the first but perhaps more aware of the latter than some who post here seem to be.
    Eternal optimists don't make good investors !
    The market values BRB at something approaching $100 mill at present .
    The question is what sort of price would entice shareholders to relinquish !?
    Some people bought very cheaply (I'm more recent) and if say an 80% premium were offered without conditions now........ while some of you wouldn't be tempted many I suspect would take the money and run .
    Perhaps being a bit of a "devil's advocate " here for the sake of debate but will leave it at this .
 
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