Well AUD $4,000 shortly with War fronts starting to breakout in the Middle East. Just need BCN to fire up the grade and mill to get 50k ounce a year. To get there we need 2g/t at 850k tonnes per year through the mill. That would be revenue in the vicinity of $200m and profit of $100m a year. Upside looks strong if we can control costs and find more high grade. I'm hopeful a deal with MXR, they have 1 billion in revenue from their 335k ounces in resource estimate at current Aud gold price which we own 19%. Takeover would see a combined resource of 600k ounces, $2.3B in revenue at current AUD price. Without the resources upgrade of Lady and Mt Dimer.
BCN Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
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