nice close - where too from here?, page-2

+ announcement dates of drilling results + Just a matter of watching the gold price, I think.

And then wait for the drilling reports.

I noticed these came out on 6 July and 27 July. 26 Aug, 23 Sept and 25 Oct.

Now it is possible that we get an extra update depending on the timing of assays, that I don't know.

If we delete the 6 July one, then there will be one update each month or say 2 perhaps before Chistmas.

The average Announcement date is the 25th, within 2 days either side.

So, the Option is to benefit primarily from increased gold prices and secondary from drilling results.

So, what looked like a dubious option at one stage may well turn out to be a very good find.

BSG may be pleased with another $36.7 mill cash (from conversion of options) which will come in handy for development.

In that case less needs to be borrowed from the Bank.


Obviously, we are assuming that gold wil go higher; the dollar has sunk some more lately.

WATCH THE GOLD PRICE!

Gerry
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