"Beacon’s shareholding in Astral Resources (AAR) is 40,972,640 ordinary shares. " At .16 that is $6.5 million, and $200 million plus mkt cap with no production. Way more mkt cap than Beacon with production.
So ASIC $3413, sold for $4520 = $1107 margin X 6515oz = $7.2 million X 4 Qs = $29 million per year, $114 mill mkt cap = 4 PE. Production going up so that should be even better going forward. Do I have that right? If they could drill one hole in Timor with good results (very likely) and tout 4 PE and new potentially huge high grade deposit in one stock, IMHO that would end the doldrums here.
BCN Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
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