distant but fond memory, page-6

I'm on board with BML already (600K+ shares in total), hoping sp stay at current level or fall so I can pick up a lot more (2m+ shares). BML results look great compared to SFR and DML. I've looked at several Cu companies (eg MGO, GCR, IVR etc.), most of them have Cu% less than 1%. Cu price must maintain high to mine <1% Cu. SFR has 5% Cu, look their sp. BML got impressive results (C6), comparable to SFR in early 2009 before sp raised. But current market is different from early 2009 (recovered from GFC march-09 low), with EU problems can cause global recession & Cu price fall. On the flip side with Cu price fall, other companies with low grades (eg <1%) will not be profitable.

I'm very impressed with Volpe's leadership. Such small board, but runs very well.

What I said about options is I've seen many companies' sp got smashed down in order to avoid exercise those options. After those options expired, sp recovers. Because this reason, I wouldn't buy options in microcaps. I rather see options get exercised, so BML can do further drilling.

IMO BML is a 'light buy' for me for long term, wouldn't sell for $1.00 (bought at 5.5-7.5c). I only bought recently (2 mths).