RE: Could not agree with this post more...Hey Buckshot,
Sounds good, i like your analysis here. I'll be heading to the conference tomorrow and will run by your questions to mgt, in addition to a few of my own such as:
1. when is the new 41-101 resource update projected ot be complete
2. how much cash does the company have on hand now after the financing
i've fired an email to IR but have not heard back yet. If anyone knows the answer already to this, feel free to let us know. I'll report back tomorrow after the conference. And maybe some folks have already had a chance to visit them today!
Thanks and good luck all!
Eudai
ps. I've never pumped another company but for those interested, i am quite excited by Kinbauri Gold.. currently expecting a significant resource update of about 2 million ounces and looking to begin production in mid 2010 at 145 000 ounces/ year for a 10 year mine life. Only caveat is they only have cash til Janurary and will need to get warrants exercised or do a financing of some sort, company would like to do debt financing... only 48 million shares o/s, around 75 million fully diluted i believe. Still huge upside and definite potential takeover target. Anyhow, just wanted to share that, they are trading incredibly cheap as is the case with many companies! Have been battered by a fund dumping big. Feel free to do some dd on this one, i think you'll be highly rewarded. Again, good luck on Bravo, quite excited by this discovery and look forward to further results.