BCN 0.00% 2.4¢ beacon minerals limited

Ann: Jaurdi Gold Project Production Update, page-101

  1. 5,625 Posts.
    lightbulb Created with Sketch. 2201
    Fiat is getting crushed! Another *FRESH* all time high for the POG in AUD now:

    $2327.88

    Locked in price at $2300 seemed good, but look at gold race to $10000.

    Thinking about loading up the truck with BCN.. the options are a no brainer given expiry, suspect cashflow will suprise to the upside despite ramping up in Q1 having many more expenses and fine tuning of processes.

    Time for another run, we were at 5c before new tenement acquisition and smooth sailing announcments, just that last minute capital raise looked to erode the huge trust that had been built up between shareholders and management, still there definitiely but questions being asked about if the cash was purely for tenement aquisition.

    Any LOM ASIC revision should speak to life of mine, the first quarter will have anomolous data if one was to be looking for true ASIC due to start up and teething costs - so if we see a number like $1500 it would come down massively in the 2nd quarter and a little less as each new quarter goes, eventually it should smooth out and things like cut grade and pockets etc will determine the majority of other ASIC variables.

    All in all, its more to me that managment want to share the profits is why i am here, SLR have never paid a dividend -- BCN will make you rich!
 
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