Sydney
I dont think you are looking at the real story
BDR have burnt through $50 million a year
For a few years
Gold averaged around $1300 this year
Much better than the previous 2 years
Still BDR finds itself in a worse financial position.
To make money they require $50 million in extra income.
Being genorous say they mine 150k oz
That will require gold at more than $1600 US an ounce
Before they are making money.
There is a long way between bleeding $50 million a year
and making money.
Much better plays than this one.
Cheers
BDR Price at posting:
18.0¢ Sentiment: None Disclosure: Not Held