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1.3¢ bassari resources limited

IMO Konkoutou North is likely at this stage to have a resource...

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Wil

1,136 Posts.

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20/02/17

12:53

Post #: 22747946
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Originally posted by happy chappy ↑

On Friday the market capitalized BASSARI at $ 50 million .When I deduct the $45 million that Alex negotiated into the mining permit as a write down against future profits I get $ 5 million .I looked at the top 50 shareholders and apart from companies personally involved with BASSARI there are only individuals and their self managed super funds .When I add plant and equipment ,a 1 million ounce resource ,and a 1 million ounce to be announced( in my opinion) , a company with NO DEBT, and TERANGA GOLD looking over the fence licking its chops , I wonder when this company will be derisked enough for financial institutions to be allowed to press the BUY button for their investors.Is there a formula or development time to trigger that decision?

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IMO Konkoutou North is likely at this stage to have a resource of around 500,000 oz.
It would be nice if it is more, More drilling will eventually get it up .
A fortnight or so to wait!

BSR Price at posting: 2.7¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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