I personally think that BDR is fully valued.Especially given the...

I personally think that BDR is fully valued.
Especially given the production risk. This mine has been a problem for it's previous owners. So there is risk there, plenty of mines just kill companies.
Bdr is not yet in production and it's MC is approx 600M. I dont hold stock but i advised a few mates to pick it up at 50c a while back, shouldve done the same myself, but that said at the moment i'd be swapping into other cheaper gold plays.
I think RED could be an interesting play, is cheap, has some issues it is working through in ramp up (issues BDR is still to face, ramp up rarely goes smoothly) I dont hold FWIW.
I like SUM, I hold. Very cheap play looking to replicate KRM.
I think IDC is an interesting company, I dont hold, because it is further off production.
I think the upside for BDR from here is limited, only upside i see is from the gold price and you can play that with other stocks. Downside is possible with ramping up issues, cost over runs etc.
Always liked the stock, the fact it has a strong institutional shareholder base and management that have done it before is a positive, I just think the original post of "the market just discovering this play" as a bit misleading given it's market cap.