It's a great result because most importantly the company does not have to dilute itself further by issuing more shares to raise money.
It has now found a big brother with plenty of money to do the drilling and then possibly take it to a mine.
Unfortunately the market is only interested in instant gratification.
Buy today and sell tomorrow with a profit.
That is not realistic in todays market conditions.
My concern with my investments is knowing that there is a future and plan going forward.
Todays announcement has made that all the more clearer.
We have a direction now. It is as good as we could have expected. We already know that there is plenty of copper there from previous drill results.
BCL also knows that there is copper there, otherwise they would not have got involved in this project and wasting their time and money.
If they happen to come up with more interesting drill results these current prices will be long forgotten.
Patience is required in such times.
Those that are selling today at 3c obviously don't have that.
Cheers.
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