Valid point raised about SOI and AISC. We have discussed this before see BCN post #44086117. Below are a few dot points to answer your questions. I am sure others will add valued input.
For me personally being a LTH its trust in the management. That is hard to find in junior miners as we all know. What they have delivered in such a short timeframe is amazing. From Halley's East 2016 dividend to purchasing Jaurdi Project in 2017. PFS study then building a processing plant to pouring first gold bar in late 2019. Unbelievable.
I suggest you listen to the podcast from last week posted on another BCN thread.
AISC has been higher than the PFS of $870. Its not uncommon for initial AISC costs to be higher then come down over time. Lets see what the next quarterly says before we pass judgment. They have mined and stockpiled a lot of ore which is partly to do with the increased AISC.
SOI is a valid point but comes down to doing your research. This is a great company run by great people. That carries a lot of weight for me. There are always positives and negatives about all stocks. Knowing I'll get a dividend at some point after the debentures are paid back in October 2020 is very attractive.
Knowing there is also so much more potential moving forward with resource upgrades and exploration. This is only the beginning for BCN.
Just my personal thoughts. Hope this sheds some further light on the company for you.
Regards Fitzy.
BCN Price at posting:
4.3¢ Sentiment: Buy Disclosure: Held
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