Started a position in BNAU todayFirst off: I took losses when this stock was incarnated as Rubicon. But I survived and learned a bit about how difficult it can be to implement a mine plan. I have been skeptical about the property and the play. But I'm back in.... is it because of my appetite for adventure, or did I not learn enough the first time round?!
The new CEO George Ogilvie is the ex CEO of Kirkland Lake and helped build that powerhouse. He is focused and intent on bringing this mine to production. They have literally hundreds of millions of $$ in infrastructure in place, including a mill, plus a fortune in tax loss credits which one day will be very valuable.
The gold is there, it just requires a smart experinced team of mining experts to get it out. Feasibility study is promised for September, and then funds need to be raised for startup, up to $100 million Cdn, and by this time next year they'll be producing gold and tons of free cash flow.
do your due diligence,
cheers