Comments on Wall Street online
"BAU is also less well known than it should be, but has a very large, easy to mine, profitable resource and a low market cap. Where it is superior IMO is that the potential is even greater.
Given the size and location of its tenements, BAU could easily end up with one of the largest resource holdings of its type in the world. All fantastically located in relation to infrastructure.
It has impressive partnerships already in place with Chinese entities. Clearly these groups would not be bothering to negotiate with a supplier that was not going to be able to supply in significant quantities, for a considerable period of time.
Where most juniors have to resort to cap raisings at low prices, in order to obtain sufficient cash for their development and exploration activities, BAU was able to receive nearly $10m at a placement value around 20% higher than its trading value at the time.
They have $16m in cash, with expenditure for this current qtr expected be under $1m.
BAU has an excellent chance, in the next couple of years, of having a low cost business operation and resource base valued in the billions. IMO.
With a current market cap of much less than $100m it is really poised for a sustained period of strong SP growth and that is without taking into account what should be its fantastic attactiveness, as a takeover target for the giants.
I'm looking forward to continuing good news and great returns, from a small cap that is already well enough established to not qualify as a speccie."