I agree with Tim. If you buy BDR you are also backing the US pog. If pog remains stable BDR produces 36 to 40 thousand ounces in the dec quarter a sp of 30 to 35 cents is very realistic.
If the US pog rises as it will IMO the sp could really get a riggle on. Now having said that I called 35 to 40 ounces this quarter and it came in at 29200..so there you have it..
US pog at 1155 has broken a major down Trend line..so anything can happen from here..next week will be very very interesting for gold and gold shares...
BDR is the biggest dog and has the most to gain with increasing production lower AISC (we believe) and a hopefully appreciating US pog..
Very interesting indeed.
Move that dirt..
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