Before anyone accuses anyone of not knowing how to pick stocks ie RKG. Lets take a trip to the near future.
Mining exploration / drilling will again surge in 10-11 due to flowing credit markets and imporving commodity prices which is already fact. Fact number 2 is 700 million dollars of debt paidout and cost savings starting to kick in in 10-11.
With these facta alone we will see record profits and double digit growth for the next 3-5 years.
This will only put upward pressure on ther SP not to mention the risk oh hold BLY has diminished somewhat due to its low debt and high cash flow position.
Thus my enthusiasm for BLY.
BLY Price at posting:
$2.85 Sentiment: LT Buy Disclosure: Held
