GREY:BFDRF - Post by User
Comment by
warrenbluffiton Oct 12, 2017 5:36pm
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Post# 26806879
RE:RE:Biggy swap 2.25M
RE:RE:Biggy swap 2.25M
If yook at OSK best intersects at their drilling maps of Lynx (453200-453800/5435300), then look at the correlation with the location of BFD's land (454500/5435000-5435600), then look at BTR intersects on the North part of their land and look at the map again (10m to 25m distance from BFD's border), maybe you will understand why we are moving up.
Just because we have been ineficient in our exploration it doesn't mean that it isn't there. In fact there is a great amount of compeling evidence that BFD's land might hold some of the largest portions of the Windfall deposits. The only unknown here is who will be pulling out that resource and what will that mean for BFD investors.
Rumour has it that it would take OSK no time to prove the land deposits (the whole area has been mapped already) and that their annual production would start with a 3XX,XXX to 4XX,XXX ounces not the previous projected 100,000 anymore (in aggregate to their current holdings at Windfall), also their on going cappex costs would be cut to significaty less than $40M from the present estimates , so you do the math...
I wont make the mistake to think we will get the full valuation one day, however i guarantee you that the $.15 to $.20 position that some larger investors have been getting in at for the last few days (and the follwoing days), will look pretty good once is all said and done.