Exploration Update, page-18

Well, BCN need to do something with the cash; it seems once taxes are being paid, it is wise to give it back to the share holders as franked dividends; I would guess BCN will pay taxes this FY we are in; I think it was $20 mill tax credit or so; so if they earn over $20 mill this year, they need to pay tax, and franking should start

So 'next year' is the logical call; and I am planning on that

re the value of the operation with only a five year LOM; we saw a reader say $200 mill accrued EBITDA; if market cap is $100 mill, and the company earns $200 mill... what the heck to do; do we all get a 10 cent franked dividend in 5 years?; I think 1/2 cent franked divvie must come very, very soon; I think we see it THIS year

I dont know a lot of the history, but I see BCN paid a big special dividend long ago when they had a one off cash earning; so one will think they will continue to behave as they have, that is... if profit comes, pay a dividend

I am disappointed by the trading today; how can we go backward? now that does matter IF cash comes to BCN and they distribute; and sadly, I guess it means the drill results are only 'oh, hum'... not big, but not nil... at least that is a start I guess