BCN 0.00% 2.6¢ beacon minerals limited

Ann: Beacon Minerals Exploration Update, page-9

  1. 3,767 Posts.
    lightbulb Created with Sketch. 619
    thanks...panther drilling was 7700 m, but as most of that was done since June 30 report, we don’t know the cost of that...

    $1m would be cheap if they find mineable surface gold deposits close to the mine, that's for sure.

    it is good they are starting soon... and hopefully have booked drilling rigs for whole program. If the gold price takes off some more, securing a drilling rig may be tricky.

    imagine if they found some ozs close to surface and close to mine at high grade! And those ozs were unhedged and the gold was easy to extract from the ore!


    imagine, also, if at the end of the 15000 m drilling program, they reported no worthwhile ozs!
    Last edited by hotcongo: 11/08/20
 
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