It’s very typical of companies that have been explorers/ penny dreadfuls to have share issues in the 2 billion mark. You start of at 0 and build the company through buying land and exploration. Many don’t even make it to ‘producers’.
No use focussing on consolidations yet- as company is still building/ expanding, but once it has a solid base, then you’ll see company developing its blueprint.
Focus now is on production, reducing costs and the all important one- drill results.
The main thing about BCN is that it is a producer, exploring, growing its tenements, and footprint.
The long term will depend on developing its tenements- and having a little luck/ good fortune along the way.
Man, how many companies can say that they hit ‘gold’ just while they were drilling for their water resource?
Could be a beauty this one- I’m ignoring the noise- drill results could really set this up to be a mid/top tier, then it’ll be producing at low costs and still accumulating acquiring.
Get the feeling this company has the next step all ready to go- buying land, acquiring resources and building its platform. Really can’t wait to see those drill results- if they’re good- this management know how to develop their plan - as those that boarded the bus know- from not that long ago!
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