Thanks for the fundamental analysis depthtrader.
Just adding to that, IMO one of the main strengths that BLY has is that it's not affected by day to day individual metal prices as the exploration companies are. Also, they have a significant presence in drilling for reasons other than mining, such as water exploration - which in parts of OZ like Vic who are on water restrictions for the foreseeable future, means big business!
Cheers
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