BSR 0.00% 1.3¢ bassari resources limited

IMO by the end of this week we could possibly see a announcement...

  1. 868 Posts.
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    IMO by the end of this week we could possibly see a announcement or very shortly after.
    IMO this is one of the most undervalued stock on the market.
    It has a very soon to be announced announcement changing the outlook for the company.
    IMO this is not a perhaps it is real & will happen very soon.

    For those who do not know at the Africa Downunder Conference held in Perth ( 2nd to 5th September 2015) the Senegal Minister of Mines in his address on behalf of his country stated that Bassari Resources would soon be a GOLD PRODUCER in his country.

    A game changer for the company.! & its shareholders.

    The company has a vast underexplored potential in a premium gold belt. 80km of strike.
    It has identified 8 highly promising areas some already showing outstanding readings of up to 80.4g/t Au at Konkouta North prospect & many more high grade readings over very large areas. Closer drilling is needed before a resource figure can be calculated. Money from production is needed for this to happen.

    The company has extremely high grade results at its Mac 1 gold discovery yet to be fully explored at width & depth.with a reserve of 1million oz.
    REMBER IN THE GOLD INDUSTRY GRADE IS KING!!
    The company has a outstanding FS & I do mean OUTSTANDING to the point where many have not taken it seriously !.

    The company has a fully operational processing plant & infrastructure to go immediately into production.
    The processing plant only needs minimal changes to allow for the processing of hard rock material .
    The company has already completed all the necessary planing & design of the plant & mine site.
    Cash costs per oz $683 U.S.
    Low start up Capital $12m US
    Payback less than 12 months.
    The company has no debt at present.

    You might say why is this company still at 1c

    I can only assume that .....

    Gold is not in favour with most investors
    Previous management did not deliver!
    Downturn in the commodities market & worldwide ecomonies .IMO gold has been the least affected.
    No broker support or recommendation.
    Many would be investors are unaware of this stock & potential.

    IMO considering all of the positives & negatives I consider that this stock should be much much higher .
    I recommend that everyone should do their own research as this is only my views & thoughts on this stock based upon company reports & my own research.

    Good luck to all holders for the weeks & months ahead.
 
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Currently unlisted public company.

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