Some years ago Gascoyne Gold produced and paid dividends.
The stock was out of favour with the brokers.
It had a good reserve. It was Western Australian. Consequently the stock yeided 10%. After a condsiderable period, the market realised what it was.
It was taken over a a very large premium .
BSR is likely to earn, in the long term, over 1.2 cents AUS per share. If its sites that are gold bearing, have resources of only half of that which the explorers believe, there will be a resource of over 4 million ounces.
At a mining rate of 55,000 ounces each year, which appears to be expected, with a margin of over $500.00 US per ounces, BSR will be a producer, and a takeover target for many many years.
BSR Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held