Going to be a long day for our endeared Market, and if we have to show Saddam who's boss again, it could be a long quarter, but not for BCMD. Flight to quality, which includes GOLD(though not as much as in the past), will help BCMD. It is always a difficult thing to say, but right now I see little downside for BCMD. We know they are processing gold, and we won't know the numbers till probably end of quarter, especially if they are not that great. For that matter, even if they are great, since BCMD does not want hype to move this stock but hard fact numbers. So, people are buying in anticipation of those numbers right now and of course for the JV deal. I see this pace till the JV deal(granted we must accept that there will be down days ahead(1/16, whatever-I do not think we will go straight up or 45 degrees)). Past 1 1/2 we will be in new territory and profit takers will be rampant here on out till JV announcement(but we will still go up). At the JV announcement, I believe that we can all have our best guess at a nice run up with profit-taking. Wherever we settle, we will climb again in anticipation of the production numbers. Assuming no other news from now till end of quarter, but JV news, this is how I see the next 7 weeks shaping up. I only see the potential for huge gains($5, 10) if we announce ore at grades well above 1oz./ton. This in mind, I see a slow climb to 2, maybe 2 1/4. If,WHEN, JV deal is announced, I see jump to 3-4, settle back to 3 1/4 and then a rise back to 4-4 1/2 before the end of quarter. Then, when the news hits the wire that we have real production numbers with real gold, our little penny will become credible and that would be significant. We think it is credible now, but there are many skeptics out there in this industry, and rightly so. My numbers are based very little on production numbers in one sense. I see production being able to put us at around $5, but if the market wants this stock, there is no telling what P/E will settle out(10,20,100). My price guesses are in anticipation of those kinds of numbers(we'll move slowly to that point). This is my short-term look, but long-term may get pretty incredible.
The JV talk on the other thread seems to think that BCMD needs the JV in order to increase CURRENT production of Gold. It is my understanding that the JV will certainly boost production there, but it is mainly for getting the ball rolling on some or all of the OTHER mines. Looking to break into a new high today. GO BCMD!! |
