Ann: Completion of Placement, page-16

Yeah I understand that. I am referring to the relatively large market cap at only ~4.6 cents that has to be lifted by 3 billion shares. This won't magically get to double digits because BCN are start producing at their only mine in production that currently has only 6 year mine life and output is ~20,000-25,000 ounces per year. Given the current capital structure and without any structural changes (won't use that swear word consolidation), BCN need to grow their mine and invest their future cash (when it comes) to grow the business.

People have criticised my view by saying insane things like FMG and Rio and NST have 2-3 billion shares and that their market cap is 20 times their annual earnings so yeah......yeah that's because their assets have 30-50 years left not 6.

Just trying to stay balanced on this moving forward.

And before the cult like members on here come after me again keep in mind I'm all in here on BCN and can't wait for this to take off and will buy you a beer when this hopefully gets to 15-20 cents.....if you're in Perth haha.

#teamBCN