I like your thinking, but we likely face a CR dilution, or farm out, or debt in the process. A .30c share price makes for a 1$ billion company, something that I don’t see BNL achieving in the next cycle of growth and production. It won’t all happen at once.
My most optimistic outlook is somewhere above .10c per share, as there will be unforeseen winds regarding costs, results, further developments, helium price, economy, royalties to land owners and government.
I am positive about our future, and do believe there will be a major re-rate soon, probably once a CR or equity loan is out of the way. This will be a capital raise that might even have a positive effect on the SP… but time will tell.
GC DYOR
BNL Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
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