In todays scenario the "over drilling" is completely paid for. At virtually zero value I find it as a value investor/speculator super compelling the negative EV the market gives BRB. We're going to find out soon enough what the true value of Bombora is and how long it can sit at this price tag without any hint of interest. Going once going twice...
The Tom factor excuse is gone. If we monetise Ullarring as I believe the plan will be after perhaps a minimal 5,000m drill program, will we see another $50m in the kitty on the Julimar story and past plus potentially new solid drill hits. Question remains in my mind, is BRB really worth zero?
BRB Price at posting:
28.5¢ Sentiment: Hold Disclosure: Held
