IMO jumping ship at this stage is lunacy. BCN needed to raise capital, and if the bulk of RIs are taken up it will have been very successful at that. The cash is needed for further drilling and setting up the mining operation, at least for its initial phase. The SP is 2.2 because the alternative of taking up options is also 2.2. One sets the price for the other when there is fairly open market access (i.e. by all current shareholders). Sure, for a while the SP may not move much, but once the dust settles and this round of capital raising is over the gold will shine through.
Only the true believers will be the real winners with BCN - just open your eyes and look at the gms/ton at shallow depth over a stretch of almost 2 kms, and also stretching west.
BCN Price at posting:
2.2¢ Sentiment: LT Buy Disclosure: Held
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