Plan B would be to sell the tenements directly to Randgold.
Id struggle to understand if they would not want to purchase them outright and retain 100% ownership if no JV or similar was announced.
Plan B is what I am alluding too that for me sets a floor in the SP so to speak, which others may not see. As the market hasn't factored this in, this is the ST opportunity that I will take advantage of as I believe their is a material residual value in the deposit, being the in-situ gold in ground.
Surely that's worth about atleast 20-30 mill... or 2-3 times the SP... so about the 3 - 4.5c range.
up until after that point, will I believe BGS is trading above its asset value... unless we find more of the same.
that's my chain of thinking at least for now.
BGS Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held