future of BSR stock, page-2

Hi randosmit
At last year's AGM there was some discussion on the future but it was mainly around the future of the highly prospective other prospects.

From memory, Alex has previously advised that Makabingui was the first resource that was determined as there was an outcrop where drilling started but Makabingui was actually what the geologists rated the 7th best target.
Konkouto was expected to be No1 and Makabingui South No2 and at the AGM Alex said these could be monster deposits (as well as Makabingui expected to grow in resources once more drilling is done a hen in production and cash flow permits)
To give you some idea, the Konkouto prospect alone is about 64 square kilometers - the company has already identified there is gold throughout the prospect from artisanal workings and gold is also brought to surface at termite mounds - a lot of the gold on the BSR tenements begins near surface.
This where resource definition drilling has recently been conducted and BSR is awaiting the results of the maiden resource definition from the external consultants completing this work - which is now due at any time.

It is one of the wonderful things about the future of BSR - it has so much additional untapped potential and the initial metallurgical tests have already been conducted confirming high recoveries
So it's not only what is said in announcements but a lot of additional discussion is often generated at the AGM

My reading of the situation is that the company expects to prove what the other prospects contain (this is a highly prospective part of a known rich gold zone) and this will take a few years with additional projects coming on line along the way (Konkouto and Makabingui Sth are both within trucking distance of the existing processing plant which will no doubt have its capacity increased somewhere along the way)

Alex did say if they are what they hope they are a market cap of $500 million is not out of the question (and Alex usually understates not overstates)

The best advice I can offer is to go to the AGM in May and ask for yourself - it will be in Collins St in Melbourne.

If you cannot attend and would like particular questions asked please post them on this thread and I will ask on your behalf as I will be going to the AGM

Cheers
IO