The asset is going nowhere (well not that we know of) so on that basis along with the gold the company is way undervalued.
However, if the suspicions of the auditors are right then this is going to be a blood Bath initially once it opens. Even if holders hold tight, wouldn't be surprised to see people with a sense for value hit a few stop losses and scoop up some shares.
If I still held (I thought of buying last week as it is cheap) I would be absolutely furious and looking at whatever alternatives possible. Heck, the performance shares and gazillion options for ringing a consultant and asking them to do some studies should fund a bit of the damage. Just appalling.
BGS Price at posting:
22.5¢ Sentiment: None Disclosure: Not Held
