is cash backing 0.5c now?, page-15

"They've been knowing this is coming and would have been reviewing numerous prospective projects over the past couple of years, so I wouldn't be surprised if armed with cash we start to see some concrete action on this front in the not too distant future. If they can turn out a decent gold prospect to put some blue sky on top of their now strong cash backing it would easily justify a much higher market cap"

This is what I would be hoping for and the upside will depend on the quality of the acquisition

What will separate BCN from many other specs will be the fact the being so cashed up they won't need to dilute to fund new projects

Fingers crossed for a really nice new project, a small scale production opportunity via toll treatment with NST again

Even a small 50k oz production opportunity could make them $25m-$50m depending on the economics

Surely there would be plenty of these laying idle in WA