great value buy

BDI seem like a great buy at the moment. They have a $1.4m market cap but just had an insurance payout of $1.4m and at 31/12/2013 they had $408k. With their previous quarters net spending’s of only $129k they will continue as a going concern for quite some time so theres not much risk in the short to medium term.

They’ve also recently made positive changes to their board (indicating they aren’t sitting still) and their project in Burkina Faso is right next door to Orbis Gold who just the other day posted more extremely positive drilling results on the 19th of March. At 0.1c you aren’t going to lose money unless the bank account dries up and that seems a long way off. I think they’re extremely undervalued at current levels and definitely if they start coming up with some half decent results at Burkina Faso.