Shorts Position, page-19

Perhaps not currency benefits, but RSG average head grade of 2.51 g/t means they only have to move 40% of the dirt to BDR's 1.14 g/t resulting in average US697 cash costs from its three mines. And that really is one of the issues with BDR, past drilling announcements suggested a very good head grade which didn't really occur. So todays management is gunning on the hope that UG mining will be economically viable proposition. If its not, BDR will continue as a minor miner diluted with nearly 1 billion shares. Higher head grades is a speculative bet on top of a speculative bet that POG will rise.

I am not saying that BDR cannot rise to 50c but if it does, that doesn't mean it really is worth 50c

We cannot afford to fall in love with stocks. So best to remind all to work with the facts rather than promises that can fall short their marks.

Good luck to you.