James Bay Lowlands & Bob Lake Saskatchewan

Yes, a BIG HIT and only more big hits are coming

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Message: To consider

Jan 18, 2008 12:46PM
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Jan 20, 2008 05:32AM

This might play out a bit different from what you have seen before in similar plays. BMK has some investors with very deep pockets who have bought into the story at very reasonable pricing. These fellows are not interested in double their money back but looking for 4 to 10 times payoff down the road.

Also they hold so many shares that it's impossible for them to take any money off the table unless huge volume of shares are trading. Only way to get that kind of volume is the excitement of favourable news and steadily increasing share price. Manipulating share price down isn't going to work in their favour.

Now I suspect these big players are not going to put a foot wrong and enter the market to push the share price higher since it would be fairly easy to 'finger them' and that kind of manipulation is illegal and they have too much to lose in reputation as much as anything else.

The big investors can play a long game and likely will. What the share price will be in a few months after a lot of new drilling is of course dependant upon what is found. So far it looks like they will continue to prove up current target deposit and almost certainly others.

My guess is share price target within 3 months would be over $3 and if Noront is anything to go by could be $7 at peak.

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Jan 20, 2008 08:02AM
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Jan 20, 2008 12:04PM
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