Attention right now is anywhere but here in BMN that's a very clear fact. Greece and the Euro fiasco, QE3 beckons Gold andSilver all over the place. S&P falling hard etc etc. In my wildest dreams I couldn't have thought we could be at 14c but here we are. How far are we from total ruination ?
I may be dreaming but I think a mining license and an up tick in the spot price, a decent partner and we could be off to the races from here in multiples. I am of course the eternal optimist but with a market cap of $40m and a 150mlb deposit - that is a AUD 26c per lb valuation. Hathor with its 60m lb roughrider was sold for USD$654m, $USD 10 per lb. That's 40 times BMN's current per lb valuation. 40 times ! Now we all know BMN is no Hathor / Roughrider but it does give you some context as to where we are.
Where to from here - its intriguing and like watching a car crash in slow motion at the same time. Boy the days of $3 plus are like a millenium ago.
BMN Price at posting:
14.0¢ Sentiment: LT Buy Disclosure: Held
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