Hi @strauss , well it seems it has been purchased already by MDI for a sum of $2.5M all up, and if it gets to production legacy royalties will need to be paid also.
Initially I thought this a lost opportunity, but am thinking we could better use the $7m proceeds for new/other projects. Lets be honest, other than the resource and infrastructure, a 600,000tpa plant is not going to be cheap to maintain/run anyway, think BCN would be better sticking with toll treatment / ore sales in that area (plant was last used by Troy resources in 2010 and is expected to need $5-8m to refurbish).
MDI are looking at 18 months up and running, so if BCN do find anything of significance in 57/961 then they are right next door.
Cheers,
Disco.
is cash backing 0.5c now?, page-46
-
- There are more pages in this discussion • 47 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BCN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $101.4M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1096145 | 2.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.6¢ | 400000 | 1 |
View Market Depth
| Last trade - 09.41am 15/07/2024 (20 minute delay) ? |
| BCN (ASX) Chart |
Day chart unavailable