Today is last day of the quarter 2, and from our announcement a few weeks back the mill is producing at a rate of +820ktpa.
- Blends of type of rock as change 70/30 hard rock/clay material which has help improved processing.
- The company has +15 million in cash
- Company as mentioned future acquisition
- More marketing next year (presentation, and assume update website shortly?)
Personally I think the acquisition will be the key catalyst to get this SP moving IMO (high grade UG).
I am hoping for this to happen early next year, Quarter 2 numbers cashflow is completed, management buying 3-4 weeks back (outside blackout period). To me seems like a lot lining up...
I would assume by next FY we will be ramping up to get 40-45k oz PA.
Happy new year all and BCN team
DYOR
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