This uptick has got to be in response to the potential Hancock sale of their Kevin's Corner resource - leaving Bandanna as a direct recipient of a Galilee pricing of ca. $2B. If you try to determine a fair asset value for Bandanna you still need to factor in the other assets - some of which are still entirely unexplored and so have very little weighting. That being said - what is the $ value of 1.4Bt JORC - recent M & A might suggest something around $1-2/t inferred, $2-4/t indicated - does this mean Bandanna is worth ca.$3.79 - $7.55 a share??? Dunno - but it probably means they are still undervalued. I'm holding now - and buying on a down
BND Price at posting:
$1.19 Sentiment: Buy Disclosure: Held
