20 cents next target

Is this where we are headed next guys....through the old high of 18.5 and on to 20c

from the recent update....
On top of this, drilling of community bore holes around Kwale showed significant unexpected mineralisation. Exploration licences were applied for (and granted quickly), and a drill rig should be on site at the end of the month. Exploration drilling in mineral sands is extremely cheap as the drill rig is fitted on the back of a Toyota Hilux and a significant drill programme can be completed for as little as US$1.5m. If all goes to plan, and Tim is confident, then the resource and mine life at Kwale can be expanded. The Mivumoni zone adjacent to the higher-grade Southern Dune at Kwale looks particularly interesting. Base is also doing a bit of exploration across the nearby border with Tanzania where there is the prospect of being able to truck concentrated ore to Kwale’s MSP plant quickly and easily. This is really exciting for existing shareholders

Consensus forecasts have BSE earning 4.5c EPS in 2017. A resource expansion and debt reduction and a PE of 10 could have BSE at around the 45c mark this time next year.

The future is very bright for BSE.

Cheers contra