Mar. 7 at 8:13 AM
$BLAGF once cash flows are regularly being generated, half of those cash flows will go to resource exploration, scoping and certification. I believe that drilling will commence in August and 1-1.5mm a month will be split between infill drilling of the Boulder Vein system which has 1 mm ounces and the Chance Structure System where the 18km strike which large institutions have expressed great interest in.
The Boulder Vein could prove to be one million ounces by year end that I believe could be valued at
$250,ounce pin the ground. Eg
$250/ounce x 1mm ozs =
$250MM in resource value. The other half will start drilling into the Chance Structure’s “mother load” and if that starts showing compelling drilling results, shares could start popping past the
$1.5/share. One expert and share holder said shares could jump to
$3-4/share.
That got me very committed and we are now all in with almost 6 mm shares! Tyson Halsey, CFA
917-667-5512