Drill results if significant will help the recent SP lull but I maintain it will still be a hard push towards double digits. Keep in mind for BCN to get to 10 cents we need announcements that will give our company perceived ADDED value of ~$140 million to our market cap. And that is just to get to 10 cents. Imagine what news it will take to lift this to 15 - 20 cents.
I'm a believer and have full faith but this will be a slow grind/long term gain. For me i believe it will need the below CONSISTENTLY
1) Positive drill results/expanded LOM
2) Consistent production
3) Paying off debt
4) Expansion/Acquisition.
Remember we aren't going to wake up one morning after recently opening our first mine with a LOM of 6 years and be a $500 million company (at 20 cents).
I honestly think you will need two of the above to get to 10 cents and three to consistently to go beyond 15 cents. The gold pour news didn't end up having much of an affect in the end. Here's hoping drill results will.
GLTASH.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1409802 | 2.3¢ |
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Price($) | Vol. | No. |
---|---|---|
2.5¢ | 2207463 | 7 |
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No. | Vol. | Price($) |
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3 | 1409802 | 0.023 |
10 | 1581467 | 0.022 |
7 | 812647 | 0.021 |
6 | 5026841 | 0.020 |
1 | 30000 | 0.019 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 2207463 | 7 |
0.026 | 2366821 | 5 |
0.027 | 125000 | 1 |
0.028 | 3083333 | 2 |
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