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2.7¢ beacon minerals limited

Ann: Beacon Doubles Resource Inventory, Mine Life Extended, page-31

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LongtimeW

981 Posts.

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20/10/21

08:10

Post #: 56924213
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Originally posted by SaberX: ↑

likely no thanks to the announcement abit confusing for those reading - the first bullet mentions a doubling of the resource and reads 156k ozs has increased to 176k. Which is not double. But the intention should read differently than the way it's written.

unfortunately not much. 60k ozs of reserves is also very small in the grand scheme of most larger sized Goldie's so I suppose the market isn't going to be overly excited.

one item to note is the resource est has increased since july but arguably how much of this is merely them dropping off the cutoff grade? If grade was higher I doubt much would have changed?

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I think it is pretty clear in these tables how the resource and reserve have doubled. Resource Extension or ability to do it is pretty clear as well.

BCN Price at posting: 3.4¢ Sentiment: Buy Disclosure: Held
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