Ann: Bass Commences $1.7M Gold Processing Feasibi, page-12

re: Ann: Bass Commences $1.7M Gold Processing... Too much short term thinking from you guys in my view. You need to read all three announcements today to fully understand what they are trying to achieve here. They want to fast track Fossey East drilling, HMS study and gold feasibility study and didn't have enough discretionary dollars to do it. So what were their options- Wait for Fossey mine to start generating meaningful cash flow (probably March next year) or the options they did take. This move has probably moved developments forward by about six months for the sake of 15% dilution and thats OK in my book.
This won't have any effect on the SP and once the market digests what the company is on about the SP will move much higher, especially if drilling @ Fossey East is positive.
As far as the projected market cap of +$500m goes- management is very conservative and this could be achieved by the success of treating the gold tailings alone.
BMS has so many potential cash generating options opening up thats its an exciting time to be a shareholder, so how about stop "bagging" management and let them get on with the job. They haven't let us down yet.

cheers


cheers