thanks for your candid assessment. I sold out of BCN several months ago and realised a sig loss and put my cash into more attrative prospects. The reason being that their drilling campaign was purly RAB drilling and aeromag survey until early next year at least.
I don't have anything against RAB drilling per se but I believe it is RC drilling which is needed to increase any gold resource from a JORC point of view. This is what will drive any price movement based on fundamentals IMO. It could be mid 2011 before we see any data which will prove up more JORC-able gold.
I nearly bought back in based on the strong performance of the investment in CSD but at the end of the day I would be better investing direcly in CSD myself.
I still believe BCN has a reasonable potential longer term, just not prepared to wait while some of my other stocks have far outperformed this one. In fact BCN was my worst performing investment last year by far...
GL all
Wiil
BCN Price at posting:
1.4¢ Sentiment: ST Sell Disclosure: Not Held
