Opinion on pilot badge

[vellocino]

Hi, need your opinion on this pilot badge that has been offered for sale, it looks bulgarian, but Im not sure. Sadly these are the only pictures sent it along.
It is good, fake or fantasy badge. Thank you for your honest help.
It will help deciding going for it or not.
Vellocino

[Valter Gorenc]

It is bulgarian design, but reverse looks like cast copy. And I'm not sure if Bulgarians ever used this kind of hardware.

[Lubo]

This is a cast copy of this Bulgarian WWI badge! A good one recently sold at Craig Gottlieb's auction, check if you can still see the photos!

[vellocino]

Thank you for the input.

Thank you for your expertise, now I can make a good decision based on your experience and move away from it. Since I dont have the luxury of wasting cash and learn after the mistake has been made.
Thank you all for your opinion.
Have a nice day!
Vellocino