I have been out of the gold sector for a while but the BDR announcement today was good enough for me to get back in. Rather than a spec i wanted a low cost producer this time. Although gold may or may not have bottomed the gold chart is near the long term uptrend line . Not often you see results like the ones today . I especially like the 30 m outside of the 1 meter at 17000grams that still went 39 grams . Given the hedging and the grade the downside is lower than most.
BDR Price at posting:
66.5¢ Sentiment: LT Buy Disclosure: Held