the only thing that appears to have caused the huge hiccup today is a comment by Campbell brothers CEO at the AGM - he noted that early stages of explorers cutting back on drilling etc. Still - need to do the numbers on how much of BLY is exposed to exploratory work with juniors - cannot believe their business does not have the diversity to manage a small hiccup here PLUS i remember the Caterpillar CEO saying that over the next 10 years we will need to have 70% increase in dirt moving to meet the same production output -ie higher strip ratios etc - all this means more production/overburden drill holes the price must be an overreaction
I think I will buy here
BLY Price at posting:
$2.29 Sentiment: Buy Disclosure: Not Held
