No taker? My guess (only IMHO guess) is around at least 1.5c once signed extention and announced to the market. Yes, this will put BMLO 'in-money' but consider this.
750m shares (include ALL BMLO exercised at 1.5c, 280m) X 1.5c = $11.5m market cap WITH $4.2m cash (280m options exercised at 1.5c), EV = $7m (still extremely cheap)
Consider that BML saving $150m (approx.) on mining equipments & feasibility study (see DML's reports) & $4.2m cash is enough to run this 3-man board for many years.
I guess announcement should be coming soon. PV made presentation then again with amended presentation... NOT if PV presented in a mining conference. I don't think he went to any conference.
BML has no drill results since 2012, this presentation (once extention signed) will be good summary for new investors/traders to come in to push price up. Otherwise people don't know what drill results (eg 10% Cu etc.)
Just IMHO, do your own research
sp prediction after extention signed, page-2
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