I attended the Sydney Roadshow last week. Very informative. The management have got on top of their two June challenges and now have a more robust mine plan going forward.
However, the most exciting bit is the prospect of more Mackay type deposits in the Que River to Fossey zones. This 3km length could just be hidding a Hellyer sized deposit. Due to the prevalence of low conductivity barite in the Fossey and Mackay zones, any significant ore body might be hidden from geophysical analysis.
I have funds in a number of mining speccies like FNT. However, in present economic conditions I prefer to have funds in a succesful producer with considerable exploration upside like BSM.
Thus I took up my CR allocation plus an extra quantity.
BSM Price at posting:
20.3¢ Sentiment: Buy Disclosure: Held
