But unless these drill results get translated into a JORC resource / reserve upgrade, they are unlikely to have a significant impact on the share price - unless there are major grades discovered.
I think $0.10 for the gold is a more than realistic given what we know, and your reasoning about deciding to sell as you wanted to invest in a gold explorer becoming a miner is reasonable.
What I think may happen though is someone will buy the ground and the company will keep some money for the next opportunity (South Woodie Woodie?) and probably pay a special dividend of some sort.
Whilst nothing is certain, tomorrow looks to be an interesting day, and hopefully we get a bit of a bump in price as the company has had plenty of opportunity in the last few months in order to formulate a plan.
BDC Price at posting:
6.2¢ Sentiment: None Disclosure: Held