Lets for a minute assume that sales will start as alluded to by the company. Realistically, how much revenue could flow during the course of the 2nd half this year? Supposing say $5-10mill? If so, that's peanuts considering $400k plus is spent on just one well drill and then some with the added associated costs - a plant, tie ins, salaries, overheads and the unknown of just how much more funds are required just to start and of course any hiccups in attaining production and not forgetting that any revenue is shared. No wonder sp is stuck at below 1c.
In all honesty, buying into BNL a couple of years back and at somewhat higher was a very bad and costly decision. If by some miracle this gets to 10c, (unlikely to be in a hurry), the door way heading to the exit will encounter a stampede - will probably be in the middle - hope not to be crushed.
Of course any revenue is better then just a few wells drilled and sp may crack 1c on such news. AIMO
BNL Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
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