According to the September Cashflow report BML will have under $300,000 in the bank by the end of this month.
That is after only paying 50% of wages to all directors. So amounts owed to directors continues to increase. What's it at now? $400k owing to directors? Can't remember exactly.
Surely if the 100% owned tenements is very encouraging they will continue drilling? Are they continuing to drill?
From a company with so many prospects it seems to be hanging all their hopes on a decision by BCL. Risk/reward is worth it at around 0.003 in my opinion given imminent raising in the new year.
Good luck. Nickel price still under $4, multi-year lows.
Ann: Market Update - BCL Joint Venture, page-11
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