BNR 2.38% 4.3¢ bulletin resources limited

BNR - the low SOI, tiny market cap, cash flow positive gold sleeper

  1. 539 Posts.
    lightbulb Created with Sketch. 50
    $14m market cap
    $1.3m cash on hand
    $0.5m quarterly net royalty income with amount expected to continue to increase QoQ as Geko production ramps up
    Extremely tightly held with SOI of 179m, only 50% of that is free float
    Strong 6 month technical basing formation leaves it primed for a rerate from recently commenced 8,500m drilling program and a rebounding gold price
    Some good buying today. Initial target at 10c, if cleared 14-15c is next (even then only a 25m market cap)

    https://hotcopper.com.au/data/attachments/2720/2720417-3c0958b7a766f3ef4ba1a3707a93e36a.jpg
 
watchlist Created with Sketch. Add BNR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.