RE:Also: Updated Resource Estimate for the Cardinal ZoneVery positive.
I hate investing in the gold sector as a rule however there's no denying that the POG has been holding very well and the fundamentals for higher prices of the metal will likely be much higher.........sure looks like consolidation to me before the big bounce. BTO's balance sheet is stellar imo, they pay a very nice dividend which is comparable to the utility sector. They are extremely profitable at todays POG.........all in costs of under $900/ounce ( the best in the business ) and so much room for further growth without negatively impacting the balance sheet.
With this trading at it's current valuations, it's a no brainer imo. Hard to believe you can still buy it at todays price. Just a waiting game imo............collect a decent dividend in the meantime while we wait. The company obviously has been able to work with the politicians in Mali in a positive manner and country risk for this company has been way over blown.