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Ann: Besra produces first gold concentrate, page-45

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JoeCool5150

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23/12/23

14:12

Post #: 71603626
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Originally posted by Tran: ↑

People need to remember BEZ and Quantum entered negotitation for an off-take and funding deal at around Nov/Dec 2022 when gold price was at USD $1800 per ounce.

Today gold price is consolidating at around USD $2050/Oz. To put it in perspective, if all-in-cost is at USD $1400 per ounce as some have speculated, then unit profit margin has increased from USD $400 to $650, or 62%.

So it was very compelling for Quantum to contemplate an injection of USD $300mil (AUD $440mil at current FX rate of 0.68) into BEZ 12 months ago (and finally signed the deal) it is absolutely far more compelling now at USD $2050/Oz gold price.

With 2 directors (including the founder of Quantum) now on the board of 5 directors of BEZ, plus 30% shareholding of BEZ, and as a sole funder and customer to BEZ, I see Quantum is essentially the major owner and beneficiary of BEZ.

The re-rate journey to $1 then to $2 has to begin in earnest from here. It is simply too cheap to ignore.

Merry Christmas.

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As much as I'd like to agree with you, Tran, my first thought is that AISC would have risen with inflation.

Merely thinking out loud here, so happy to be proven wrong.

BEZ Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Last 8.3¢		Change 0.000(0.00%)		Mkt cap ! $34.48M

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