Ann: Application for quotation of securities - BCN, page-14

lots of reasons.. it may be needed as a carrot for the investor, it may be needed as expansionary funding for the company.
if we had stronger exploration results in the past few years, you would be deligheted to be cashing in your oppies funding expansionary activities, if we had grade of 2.2g/t we would already be at 50kozpa

the main drag is we havent really expanded, our production remains at 30kozpa but at a cost of higher AISC and we havent managed to build LoM as quickly as we would have liked... its tracking in the right direction, but by no means is it a fairytale progression to 10years + LoM of 50ozkpa