In the next few days we should see POG go to $1400us i, where it goes from there $30-40 swings either way are common of late. The key element in the next 12 months is BDR could be debt free. This change vastly improves the landscape for BDR. 1 BDR might offer a dividend 2. Utilize capital to add ounces, I myself would prefer the latter.
I've said it before and I will say it again, any possibility of adding to the current resource will have a profound impact on BDR's line (thank to the very high margin nature of Duckhead). The size of the Tuscano deposit promotes operational certainty (with 10 yrs production with the opportunity to extend mine life with further exploration and or shifting to an underground operation).
All bodes well for BDR even without a considerable move north in the POG.
BDR Price at posting:
81.0¢ Sentiment: LT Buy Disclosure: Held
