So $54m profit, for us (BCN) and them (G&L), each for something we don't own. That is on a margin of $1,500 an ounce. Depends on grade etc but if +2.5g/t that could be done in one year.
Only negative is vested interests on who decides what is mined on BCN 100% land vs G&L owned land, that is at the current gold price are you mining McP, Geko, Mt Dimer, black cat or Lady?
Who contractually gets utilisation of BCN assets first when the price is high?
This is the conflict of interest that needs to be managed.
Or do we go hell for leather and mine everything and blend?
Thoughts?
Ann: Letter to Shareholders, page-22
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Last
2.4¢ |
Change
-0.001(4.00%) |
Mkt cap ! $90.16M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.5¢ | 2.4¢ | $135.9K | 5.589M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 567374 | 2.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.5¢ | 700000 | 1 |
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| Last trade - 15.33pm 29/07/2024 (20 minute delay) ? |
| BCN (ASX) Chart |