You are obviously watching the stock closely and seem very familiar with BML. Not sure how you arrived at your numbers but the overall sensation I receive is that this small company is a real watcher.
Having been a gold punter since the 80s I've learned that its better to ignore the hype and look for the company best suited to the market conditions. Enter Auric, a gold business with a tiny market cap, low overheads, a swag of gold ready to shovel out and an ascendant gold price. The alchemy produced from the ingredients tells you the odds are in its favour of it being dramatically re-rated as a micro cap gold miner and explorer, within 12 months, because it is about then that the company will start receiving millions of dollars in pure surplus profits from two gold mines. The company has written to me welcoming me as a shareholder, which is unusual in this frenetic world, and even sent me their marketing material and a research report. I've never got this sort of stuff before from any company I've invested in. Wherever I look with this company they are doing all the right things, showing exactly the purpose necessary for its transition to a 50 cent per share company, whch would value it at $75 million. Sounds fair to me so well done on your analysis of the company.
AWJ Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
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