Well, our 'only a couple of pips' fall today is over 5%. I mean it dont look like much, but it is much. The gold companies I like are cashed up, producing cash, have simple operations, and use conservative metrics to prove up their resource.
I was looking at GCY until I learn they used 0.25g/t and $2800 AUD oz to delineate their resource. That is why I asked the other day 'what if BCN use 0.4 g/t (not their 0.5) and $1850 AUD (not their $1650). Honestly, we double our mine life from 4 years to 8 years just on that. But I just do not know.
As it stands, share price aside, with $10s of millions in the bank / on the way, a low gold price may indeed help BCN management as buyers. Or if gold price bumps back up, then that is good, too.
Interesting time. Bad luck BCN dont mine bitcoin! But our time will come. (I assume!)
Ann: Drilling Extends Lost Dog Gold System, page-61
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Last
2.3¢ |
Change
0.001(4.55%) |
Mkt cap ! $97.20M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.3¢ | 2.2¢ | $46.27K | 2.094M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1193263 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 1272742 | 6 |
View Market Depth
| Last trade - 15.47pm 14/11/2024 (20 minute delay) ? |
| BCN (ASX) Chart |