Thought i'd start a bit of a thread on BFE giving they're due to spud Moriary in the next day or so. EGO is going to attract most of the attention, but it'll be BFE/BFEO sitting on the sidelines with better leverage (BFEO at any rate) that could be very interesting to hold through to Lake Macleod. LGO has great leverage on the heads, but with 141k cash on hand it's not quite as sturdy.
I'm not overly concerned with Moriary, but it's a good time to position for Macleod's April/May drill. Director just bought shares.
Moriary: 3.5-11mmbbl - 10% BFE
Lake Macleod: 150mmbbl - 7.5% BFE
Cash on hand: 3.174M
Shares on Issue 61.5M: 30,750,000 BFE | 30,750,000 BFEO (EXP 2010)