Bulletin Resources Ltd (BNR)

[soulman]

Another gold exploration company I bought into today at 12.5 cents.

Approximately 69 mil shares on issue, market cap at 12.5 cents is $8.6 mil. Cash on hand of approx. $3.9 mil.

300,000 ounces of gold in JORC in mid grade of 5.5g/t au spread over their portfolio.

I see some value here based on EV.

[soulman]

It turns out my starting thread was the start of a downswing from 12.5 cents to as low as 4.9 cents. Goldies has performed well these days and BNR has rocketed from 8 cents to 12 cents in a matter of one week. I forgot to add that they own a processing plant as well under care and maintenance.