The way I see it, BAR short term will make its mark with gold....we only own 50% of the world class Cobalt site and we don't manage it, Conico CNJ do. They are owned by tasman 19% and have a very tight register comprised of mostly lawyers. Tasman sure do have the midas touch right now esp. with EDE 40% ownership.
Who knows if/when it'll get off the ground. What we do know its its right here In Australia, its world class, low cost, close to Infrastructure, and lots of money has already gone into it.
Time will tell, but BAR is a low risk entry into Cobalt, which has such a fragile supply structure, and if the Cobalt doesn't get off the ground for a while, at least the gold will make us cash for the time being.
BAR Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
