So got around to running the numbers on the Oct/Nov update and what has happened since July. If they keep production on track as per Oct/Nov and price per Ounce (revenue and costs) stays the same we could be looking at +31,000 ounces produced and $40m profit for the year FY 21/22. Profit per share of $0.0114 which would see us at a PE of under 3 right now. Anyway food for thought on why MD was buying at these prices.
BCN Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
