Re: Geological estimation and gross metal value approach
posted on
Jan 14, 2008 05:13PM
There is some excitement on the BMK board from RodBuster, telling people to "sell your houses if etc." I certainly hope he is right as this will benefit all. However, as has been said by others, BMK will have to follow the same basic path as NOT and it will likely be held down/shorted after any initial spikes as it will also have to prove a significant resource to escape it's penny stock status. Yes, there is the added factor, that NOT didn't have, that strikes in different locations will more or less speak to a very large overall deposit as a combined indicator... but I think that the MM will likely try to keep "things in order" in an effort to accumulate at lower prices as they see an SP getting out of comfortable reach. Every significant find I'm seeing in the mining market is being met with a similar experience. It is essentially a rite of passage. If you have the goods, in the end, with good management, you'll get your fair value.