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.
BSR Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held