Black Dragon Resource Companies Inc (BDGR)

[Rising Scorpio]

Reserve Report.

1) Firstly in terms of ringing Rick Michael I find him very helpful but sometimes a little bit over excited when given timelines and hence when these timelines are not delivered (typically of small companies, not many people, focused on growing the business(not the stock)) his creditability suffers hence he will not share any more information until he is sure stuff will get done. Hence it is not as if he is up to no good.

2) The present of the new reserve report with its discounted to 10% value of Bdgr current producing assetts which indicates that the shares are trading at a massive discount supports 1) above. Remember if the pv10 indicates that the company is undervalued then their is also so much more upside (i.e. what is value discounted to 50% only). Also the report was not not done by wexco or anybody connected to company but by a SEC regulated company who typically low-ball all the figures in order to protect their reputation.

3) I would not publish the pv10 as you want to ensure the the assett-financiers get the first view of it and also as it kinda difficult to understand.

happy to buy more here at this level.