Juardi now optimized at 27,500 ounces of gold annualized / 6,875 per quarter. Cash cost is $953, but assume $1,100 (including admin, taxes, exploration). Current spot gold is $2,540 per ounce for free cash flow of $1,440 per ounce x 6,875 per quarter = $9,900,000 per quarter / $825,000 per week.
Am being very conservative as current production parameters are indicating near term output will be somewhat higher.
Most recently reported cash holding is $11,610,000 + (gold 1,508 ounces x $2,540) $3,830,320 = $15,440,320 (end of November) now ADD $825,000 per week.
BCN has very competent management team, now has substantial free cash and cash flow to further develop the business. Market is assigning NIL value to this part of the business. This is at a time that many listed gold developers have been cut by 30-50% and seeking cash to develop gold deposits across Australia. Good luck to all longs
Free cashflow $825,000 per week!!
Add BCN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.3¢ |
Change
0.001(4.55%) |
Mkt cap ! $97.20M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.3¢ | 2.2¢ | $46.27K | 2.094M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1193263 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 1272742 | 6 |
View Market Depth
| Last trade - 15.47pm 14/11/2024 (20 minute delay) ? |
| BCN (ASX) Chart |