BMO 0.00% 0.6¢ bastion minerals limited

2.5c shares good idea, page-12

  1. 5,249 Posts.
    lightbulb Created with Sketch. 40
    I don't think there is a mine plan at the moment. They are hoping to prove up some more reserves before that would be considered i believe.

    I don't know how high the gold price price would need to go to make mining current resources economical by transporting it as they did before.

    How long is it likely to be before they come back to the market for more cash? Around $1 million for drilling (if they get a rig sorted) and $150k for any acquisitions. Directors salaries will soon start gobbling up the cash.

    I'm still not convinced.

 
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