Assays in - What does $6.5M capped BPM do next?
Next Investors Nov 30, 2022
BPM recently put out their much anticipated lead-zinc project assays, next to Rumble Resources which is capped at $137M. While the company did confirm lead-zinc traces, the grades were not high enough to commit money to another drill campaign. In this article, we uncover what is next for BPM which has a strong cash balance of $5.3M, giving it a tiny Enterprise Value. The company can now turn its focus on its two gold projects (an unloved sector that we think will see some strength in 2023).