Still believe that BSR with a MC of only 30M has a lot more value then Chesser Resources. Gold within the lease, especially the unproved gold, the built camp site with infrastructure, and a half built production plant which CHZ has proven gold at this stage and not much else, with a MC of 62M. So believe with any fund raising by BSR management to get this plant finished for production, there is still room for this SP to rise after re listing. Bishop Resources interest rate is around the norm, which in Africa can range from 10 - 16% for small start ups, especially with the risk associated with it. With extra funding now for the finalised production plant and for start up of mining, probably through new and existing shareholders, and then with that in place, a re listing of BSR on the ASX, I’m now starting to look forward to where is business heads to. Believe that as Shareholders we are very lucky to get to this stage, and IMO the ongoing business was about to fold, and as holders are very lucky to have this new group saved the company, which should be a great gold business.
BSR Price at posting:
1.3¢ Sentiment: None Disclosure: Held
