BCN bought into MXR to mine the land AAR now want when BCN had no viable land at the gold price level. Now the price has rocketed and we have bought more land holdings things have changed. Colin bought in as a play to takeover MXR when the time was right. Things changed quickly when Lady Ida came into play as trucking from MXR land was a long run to the plant. Fast forward we are now a 5% holder of AAR and think with Colin a 10% stakeholder or close too. Biggest holder if they stick together. Long term play is AAR and BCN merger as succession plan would have to be on people's minds for the BCN directors. If AAR get up they have a strong board and a 10% holder who already runs a production facility. I'm just spit balling here, DYOR. Once we finish mining waste and just sending ore to plant the fleet magically ends up at AAR/MXR land to start mining while AAR build their plant. It could actually be a smart tie up if things play out. If AAR get up a production facility and BCN merger sky is the limit. You could see a 150k to 200k production company per year with $700m in revenue. DYOR
BCN Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
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