why sell ?!, page-6

The only thing holding back the BDR share price Is the commissioning.
Fair enough too as this event is always a material risk in every project.
And also as there are those that remember the chequered operating history of the previous mine by past owners, whether one argues the irrelevancy of that or not.
But with a couple of quarters of steady production under their belt, the BDR share price will re-rate dramatically imo.
It will be a low cost producer.
It operates in a stable mining friendly country.
It has huge exploration upside, as demonstrated with Duckhead, and free cash flow will be directed to this effort.
Which will inevitably lead to attractive growth in reserves over time.
Reckon Peter is keen for the company to pay dividends in 2014.
All of this will make the company very attractive to larger producers needing low cost production growth.
I used to think BDR should be priced at $1.50 post a successful commissioning.
I now think it will ultimately be worth much more than that to patient shareholders.