BG IS VERY VERY UNDERVALUED AND HERES WHY! Cordoba,(CDB-TSXv) an early stage explorco drilled 4 holes (results out today) best was 101.1m of copper at its San Maties Copper/Gold porphyry project. A big trader today They have not closed on this property acquisition and must issue plenty of paper , so that the company's resulting issued capital will be 81,942,881 shares! They must also make cash payments totalling $5.0-million (U.S.) ($1.0-million paid on signing of the agreement, and $4.0-million due on closing of the transaction).
At todays price this implies a market cap of $57m – $50m more than BG! They had $2m in the bank reported in last financials (BG $3m) Which again, confirms to me that BG is incredibly undervalued as it already has 3 great holes and they have not even entered the Potassic zone where in porphyry deposits – typically host the bulk of the ore.
WE ARE BUYING A NO BRAINER HERE WITH BG, AND TODAY CORDOBA CONFIRMED THAT TO ME!
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the general