WHY 9.5 cents A great question has been posed, and I am certain many holders often wonder privately why BMK is not trading higher. While I am no expert, I believe that BMK will continue to be sub-20 cents until they release more drill results which show continued potential. BMK and others get attention with volume and the volume will not only be driven by buyers and sellers that are aware of BMK, it will capture the attention of buyers who note the volume some day, which of course is broadcast in such place as Business News, Stockhouse Canada, and of many others.
I found BMK because of Noront, which went to around $8.00. Otherwise, I would not have found it and continued to buy. I had it when it hit $1.20, but did not sell. Sorry: greed is the word. Thought I would get filthy rich by holding a little longer and of couyrse was fixated on the fact that Noront hit $8.00. I don't mind admitting this to everyone, even if some shake their heads. Having it at $1.20, mind you I did not own what we own now, would have been a nice haul back then.
When Noront announced, MacDonald Mines, who like others was present in the James Bay Lowland area, grabbed and stalked claims all around Noront. Pretty simple for me; I just bought. No academic thinking really involved; I just took a chance and continue to. No gaurantees here for sure.
I ponder often about our stalk in MacDonald Mines. I will summarize my thoughts with a bit of a spontaneous ramble: with so much land, which in some cases is surrounded by other promising speculative holdings, cases of proven resourses, mines announced, a new smelter, the area being the daily topic of mining, and government officials, not one, but several VMS found, several MacDonald Mines areas, which they feel have promise, released results from drillling, which, while not stellar, show minerals are present. When I look at the vast holdings, I realize that it takes time to begin to zero in on where the best zones, if any, would be located. Time and drilling costs money, so that is why, in my opinion it is taking so long. This is not 200 acres; it is vast! I believe they have just begun to zero in on where some of the best areas might be, and I beleive there are other holdings they haven't really scratched deeply yet. After I ponder I always come back to the Eagles Nest find and what happened; I am left with one question: Will MacDonald Mines mining experts find in the ground minerals worth more than a Billion Dollars?
If they do, a mega company, or two, or three will want this, and it only has to go to $4.00 a share to be sold at a billion. Companies don't buy in the ground resourses at a break even price, so it has to be worth billions.
I am holding out hoping BMK mining experts will find at least one area worth billions, and if they find one, they may find a couple more. Sorry: greed again. Better for me to loose what I have invested, than sell, only to see it rising over a dollar and beyond. Dream? Maybe, but time will tell. Hope it happens before my 60th birthday.
Do your own diligence. I do believe for newbies, this story, from the beginning is a worthwhile read. Look to Noront also, because the area's story; well, it begins with them.
Good luck, Pat