BCN 3.85% 2.7¢ beacon minerals limited

Ann: Change of Director's Interest Notice x2, page-12

  1. 12,552 Posts.
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    Bevter. You need to calm down. The maths are really simple and compelling.

    For a 2c investment today you are likely to return 5c over the next 5 years based on current reserves. That's a simple average return of 30% p.a. plus return of capital. Most punters would kill for a return like that.
    Other positives are: (1) McGarry and Greenhill are highly regarded and each has an ethical history; (2) further reserves are likely to be proved up; (3) actual production and cash inflow will begin in about 6 months; (4) the gold price may start to creep up again and (5) BCN receives its income based on a USD price yet BCN costs are in AUD.

    So your big decision is to invest at 2c and rather than an option at 2.5c, other than that dilemma this is a no stress investment.

    Sit back an enjoy the ride.

    Cheers................Daicosisgod.
 
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