So basically if we had $23.63Mil cash on cash at the end of the June 2021 Quarter with all bullion on hand sold. Then ....
- Produced 2000 oz ( Lower end of the scale) for each month in July, August and September = 6000 oz for $14.4mil cash.
- By the end of the September quarter we would have paid for the acquisition and still have $20 odd Mil still in the bank.
- Still a chance for a divvy of some sort this year.
- Looking at the tenements acquired there is still considerable upside in exploration and maybe a chance to add more ounces?
Happy Days.
Ann: Beacon Acquires MacPhersons Reward Project, page-16
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