Club Mulgoa

Tuesday, February 08, 2011

BDR and BSR

Someone has been listening to my ranting about values.

BDR has moved because its "waste" has value. Interspersed between its gold bands are itabrite or Fe ore which are of value to its JV partner. This apparently is a rare combination, ie Au and Fe.

And then BSR as I expected, found more gold, so its share price rose today. But there are many idiotic sellers in BSR so it might fall tomorrow. At least it has gone up to one of my buy prices.

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