GREY:BFDRF - Post by User
Post by
investornoton Feb 16, 2017 8:28am
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Post# 25853674
Will know soon enough
Will know soon enoughRecent volumes speaks well for the potential short term outcomes but expectations have to be realistic. BFD will move rapidly on news that indicate a good grade find but it will take multiple follow up drill programs to confirm and define anything. A discovery will simply put a target on itself as a buyout prospect which is likely the end game here to begin with.
Results from the recent core samples yet to come and that should give the price a boost. Always hard to predict how fast a junior may rise but on spec alone I can see this hitting .25 and with good drill results something initially over .50. Of course if results are lackluster the price will drift back below .10. No risk no reward but a cautious approach is likely best.