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Peter, I agree. I think 2d half '98 production numbers will be telling. I am not looking for a blowout in the first Q numbers, what I am looking for is a nicely ascending trend line over the next 9 - 12 months on ounces pulled out of the ground and ready for sale (I don;t even include a diamond JV in there becuase that is a 3 - 5 year project ie 1st half of '98 sign a JV diamond exploration deal, spend 6 - 12 months assaying diamond properties, spend 12 months and on getting into diamonds production) These are all guesses as to timing. On the other hand, we know that there is gold coming out now. We also know that BCMD needs additional production milling capacity and it has additional mill(s) on its property. BCMD has at least 350 tons of material waiting to be milled and is bringing out at least 60 tons a day out of the pillars and virgin ore blocks. If BCMD could up its milling rate per day, it could easily be in the black (gold) by the end of the 2d Q and be profitable on a per share basis w/in 12 months. This is at .7 to 1 oz per ton, which they have been pulling out with regularity. Odds are in the Company's favor that while pulling out this highgrade gold, that it hits a really nice lode. Daytraders and investors have different perspectives. I have been a daytrader in the past (Dell, CPQ, TXN, MRK, PFE) and almost every time, had I stayed in as an investor, my portfolio would have been much better off. I've learned my lesson, watch the stocks, but let the company have some time to perform if you believe in the management and what the company is doing. I believe that BCMD is in an excellent long term position to really do extremely well for shareholders. It just started gearing up into regular production in November. As I said before, I think this is a minimum of a three bagger in the next 12 months and a double in the next nine. |
