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clock Created with Sketch. 28/06/22
10:04
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Originally posted by copperroad:
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They are funded into Coyote anyway. If the POG crashed, then many of the gold producers in Australia would be in the same position. Bc8 costs are are lower than many in the peer group. Refer to Gareth’s recent Gold Coast preso charts. The company also has optionality around the assets. This is another reason why grade is king. Bc8 has the grade in the underground at Coyote of over 8g/t. . They could change tact and go for the high grade Speedy pit or underground and halt other expenditure. You would cut back on drilling. We can see why they wanted these assets. Management have been through hard times and understand that flexibility helps mitigate risks. This is the quickest, safest, low cost way to get cash flow and minimise your downside. Many Others would close operations before Bc8.
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not likely just yet imho pete.
Originally posted by pete11:
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Is it possible bc8 become a takeover target themselves especially when we are cash flow positive? In the next 12mths or so? Which would be a shame because than we wouldn't see the $3 bc8 we all want
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