The main problem I have always seen with BDR is that they never generate cash but always promise to. When a company never delivers, it is very rare for this to change. Every Qly Rept is an excusefest. My favourite gold stock at present is RMS- $100m cash at bank forecasted at year end is better than Sprott acquiring the mine and shareholders losing everything.
Ann: 2017 Full Year Statutory Accounts and Appendix 4E, page-154
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