BCN 0.00% 2.5¢ beacon minerals limited

next year looks good, page-3

  1. 3,291 Posts.
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    ive noticed this site seems to have gone quiet, did some of the long termers jump ship on no fantastic news last update.
    im optimistic and reckon this is a prime time to accumulate which is exactly what im going to do and then we can get rid of the sellers at .19 and .20 and move on up after that.
    the way i see the future for bcn sp is infill drilling is only done to upgrade the jorc resource which is being done now, new areas being investigated to widen the res area and find new prospects and high grade lodes hopefully to give us at least 250k oz to start with and build on that to the magic 500k oz and the ariels might save some time and money to get there quicker by showing up some nice hot spots.
    next is the gold price, the americans will print more money so gold will go up but so will our dollar but it WILL come back so that will add to the value of gold as some say the dollar is now 30% overvalued that gives us a gold price of $1755 p/oz aus now so $1400 oz profit with own plant or $1200 toll treated. this would equate to a net value of 350mil on 250k oz plant treated and $300mil toll treated for $3.50 ps and $3.00 ps respectfully.that is asssuming of course that gold will stay at current levels and the aus $ will fall back late next year when americas recovery is more firmly in place.
    your comments to this would be appreciated, cheers all.
 
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