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