$37.8M free cashflow @ A$2,600 ounce. Assume 2,100 ounces per month x 12 produced at ASIC of $1,100 per ounce. Mr. market has terribly mispriced valuation of BCN.
On a current monthly basis 2,100 ounces x $2,350 per ounce (part selling into a very small forward contract) produces free cash flow of $1,250 ($3,350 - $1,100 = $1,250) = $2,625,000 per month of free cashflow (EBITDA).
Cash and gold produced was worth $5,325,226 at December 30, 2019. So at end of March cash and gold total should be somewhere around $13.0M !!!!
Current spot is A$2,700 and rising. BCN are very smart operators and cash WILL be put to good use.
$37.8M free cashflow @ A$2,600 oz. py
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Last
2.6¢ |
Change
-0.001(3.70%) |
Mkt cap ! $97.67M | |||
| Open | High | Low | Value | Volume |
| 2.7¢ | 2.7¢ | 2.6¢ | $10.70K | 406.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 654301 | 2.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.6¢ | 4224807 | 4 |
View Market Depth
| Last trade - 13.25pm 08/07/2024 (20 minute delay) ? |
| BCN (ASX) Chart |