OTCPK:BRNGF - Post by User
Post by
TO_Canuckon Mar 07, 2008 5:48pm
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Post# 14617614
BRU UNdervalued?
BRU UNdervalued?It seems to me that Bolero is seriously undervalued in comparison to it's peers . Let's compare Bolero NI 43-101 results of
225.4 mil lbs indicated + 167 mil lbs inferred to TTM with 347 mil lbs indicated + 307 inferred with cutoff grades very similar. So why is BRU trading (.275 SP) so much lower than TTQ (1.72 SP) . I would have expected BRU trade closer to 1.00 relative to TTQ ( assuming of course TTQ is not overvalued) Anyone care to comment and explain the difference . What am I missing here?
TO_Canuck
PS: I own BRU