Well, if we are expecting to pour our first gold in about July (assuming we dont get wet weather delays in Brazil), then I would be hoping for a share price in August over $1.50.(based on some of the current reports from brokers around town).
That being said... I will guess that our share price will slowly creep in that direction between now and then, so put me down for the $1 breakthrough on March 8th. I dont expect it to return to sub $1 territory once that happens, so fill your boots with BDR now ... lol
However, any number of positive factors could effect our share price before then including a friendly Iron Ore JV, a revised resource estimate, a gold price increase, more results at Tropicana, or even a takeover offer...
A question for other posters here .... when do you look to sell BDR ?... is it price or progress related... Do you wait for production and/or dividends or do you wait for $2.00 ?
BDR Price at posting:
76.5¢ Sentiment: LT Buy Disclosure: Held