Yes 11% is low by industry standards and that shows commitment. I like that the cash flow from this one lode is substantial as they build the base for initial and highly profitable mining. I look forward to increased news flow over the next 5 months.
I note that other companies can drill one month and see initial results the next with final results within 8 weeks or so. I am unable to work out why BRB cannot match that. I have this in the bottom drawer now as the slow pace makes it a long term investment. It is frankly a boring stock to be in but we know that things are being done right. This is no DCN. It is credible. The UG study is a tiny taste of what is to come.
Now I wish they would source more staff and RC rigs to test known areas in a cheaper more exciting manner. A bit of fire under this is what is needed. Other posters have talked about interesting areas and I really want to get over to WA and do a report so I can see more on all of this. I am sure they are working hard but an inside view would open up the view of the potential in a more realistic manner.
PFS around the same time as the next Resource upgrade. That is key to market understanding but the picture builds in a very slow structures way at least.
GLTAH CW
BRB Price at posting:
19.5¢ Sentiment: Hold Disclosure: Held