Takes patience but you can see what is going on here. Management have told the market that they are building a mid tier miner. Targeting 150k pa over time. This sort of grade means the pay back period should be minimal. Grade over tonnes every time for me. Looks like it’s happening. The next upgrade should be very interesting. The drilling results have clearly picked up since the covid go slow. 2nd rig will bring forward their ounces. Simple enough. It’s not complicated. They just keep drilling out high grade assets with a decision to mine coming up mid year.
The reserves at Myhree gives BC8 some options. The 3m ounce target is quicker than I first thought. Apologies for enthusiasm. Lol
Takes patience but you can see what is going on here. Management...
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Last
33.5¢ |
Change
-0.010(2.90%) |
Mkt cap ! $103.3M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 32.5¢ | $245.8K | 737.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 101087 | 1 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
33.5¢ |
Change
-0.010 ( 1.52 %) |
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| Open | High | Low | Volume | ||
| 33.0¢ | 34.0¢ | 33.0¢ | 156187 | ||
| Last updated 15.23pm 17/05/2024 ? | |||||
| BC8 (ASX) Chart |