Both of you are correct, it only owns 50% of the gold but fortunately is the operator, the other added bonus is because of the low exchange rate we will see nearly two dollars for every one US dollar earnt. Looking at the trades in the last six to eight weeks it is only a matter of time before it breaks 20c. Many of the early buyers when BSG was selling at around 6-8c last year would have sold out or lightened their holdings, so there are a lot now who have averaged in at 13.5c. Another interesting thing is the buyer at 13c wishing to buy one million shares. He has been sitting their patiently and has no qualms paying 130.000 dollars for his lot, a few times when BSG went down to 13.5c he never pulled his offer so it is a genuine buyer.
BSG Price at posting:
0.0¢ Sentiment: None Disclosure: Held
