I had a look at Spartan Res presentation and think what BCN would appear to be missing is the drilling program to backup making that "big find". Bear with me, what about a cap raise, say $100m to expand plant and invest in a minimum of a six drill rig programs, cap raise at 2c and double shares on issue with promise to do share consolidation in 12 months, 10 for 1, 3.8b to 7.6b back to 760m shares on offer with 200m market cap offer to existing holders and market. All leases feeding mill with expansion 50koz (start) to 100koz and big drill program. Growth, growth, growth. Expansion drilling at McP and focus on Lady Ida and Mt D. Thoughts, what most likely would see a Spartan like find for BCN?
BCN Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
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