Don't post very often these days but thought at least the basics of this deal should be recognised.
Leaving how MXR manage their company and even their tenements out of the metrics as I dont know anything about them still leaves impressive back of envelope figures for BCN buying in.
MXR have around 250K ozs of reserves (not sure reserve JORC status) and around $5m in cash at the moment. BCN just bought around 20% of that for $2.6m.
That puts an extremely low valuation of MXR at around $13.6m.Add the tenements and the fact BCN could get more involved in gold treatment , mining or further corporate action and you've got an amazing pickup here by the board.
There's nothing to lose at this level.
Cheers,
Disco.
- Forums
- ASX - By Stock
- Ann: Beacon to Acquire 19.8% Interest in Maximus Resources
Don't post very often these days but thought at least the basics...
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BCN (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.8¢ |
Change
-0.001(3.45%) |
Mkt cap ! $108.9M |
Open | High | Low | Value | Volume |
2.9¢ | 2.9¢ | 2.8¢ | $18.83K | 670K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 3189001 | 2.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.0¢ | 4221455 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 3189001 | 0.028 |
3 | 4110000 | 0.027 |
2 | 2800000 | 0.026 |
4 | 340000 | 0.025 |
3 | 1100000 | 0.024 |
Price($) | Vol. | No. |
---|---|---|
0.030 | 4221455 | 14 |
0.031 | 5712011 | 10 |
0.032 | 3016998 | 6 |
0.033 | 3247188 | 6 |
0.034 | 1020445 | 5 |
Last trade - 15.00pm 07/05/2024 (20 minute delay) ? |
|
|||||
Last
2.8¢ |
  |
Change
-0.001 ( 3.45 %) |
|||
Open | High | Low | Volume | ||
2.8¢ | 2.8¢ | 2.8¢ | 33500 | ||
Last updated 12.25pm 07/05/2024 ? |
Featured News
BCN (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online