Re: Did anyone buy BGM?
in response to
by
posted on
Jun 30, 2012 06:37PM
CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)
I guess my point is that I am not clever or fast enough to be an effective trader so BGM is not of interest
I tend to group plays like BGM under my descriptor as "dirt scratch du jour"
A catch all I use to describe those situations, that crop up with regularity, that suggest a phenomenal payoff potential, somewhere after a few of those interim steps, akin to giving birth, only taking longer and with more pain....I suggest a situation like Copper Fopx to get a sense of what I mean
Here I have an option to buy shares in a drill proven porphry district on the steps of moving to the next step in monetizing its potential, or jumping on a roller coaster that may be several miles in length, or not...
Easy call for me
Your mileage may vary