My broker sent me a research note from MPS - Martin Place Securities calling BUL a spec buy with the potential production capacity equal to QGS. QGS has a market cap of 2.1 billion which would equate to $7 a share for BUL at the same market cap. I know that sounds very very optimistic but its the same broker who put me into BSG at 11c , 5 years ago and they have been to $ 3.30 odd.
If they come out with some good drilling results I think 30c will seem very cheap.
Im in for the long haul - good luck.
GMc
BUL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
