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Message: Bard

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mzsmith

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Re: Bard

in response to Bard by BBOB72

posted on Sep 07, 08 02:36PM

I looked at Bard too and the grades were interesting as well as the interval lengths.... but what stopped me was the depth they are hitting these grades. Very deep... several hundred meters below surface. CBS (Bard) will not be open pit so they need higher grades to have any hope for it to be feasible. Plus they are a little earlier in the exploration cycle with their first 43-101 still to be completed.

BBOB also brings up a very valid point and another reason why I'm not a buyer and that is that they will have to do another PP soon and at the current share price this will be big dilution. TTM on the other hand is well financed and a 2 - 3 stages further along the road to success.

One more point with CBS... is they do have other opportunites... a somewhat promising gold site in Manitoba I believe JV'd with Slam resources (SXL).

Anyways, I'm watching it along with other moly plays but I'm not a buyer presently. TTM is a much better investment at the present time IMHO - that is why I'm here with a large investment in both $$ and DD.

m.z.

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