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1.3¢ bassari resources limited

Thanks Wil, Can you please help me understand the statement "BSR...

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randosmit

1,139 Posts.

214

19/04/17

07:50

Post #: 24129603
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Originally posted by Wil ↑

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.

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Thanks Wil,

Can you please help me understand the statement "BSR is likely to earn, in the long term, over 1.2 cents AUS per share." ? Are you suggesting BSR shares will likely stay about the $0.03 - $0.035 price? Sorry, I'm new to all this and still learning the ropes.

BSR Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
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