Good point you raise however should the plant have excess capacity it would also open up the possibility of mining some of the many smaller pits that BDC own such as Mulwarrie. That should be the most profitable way to conduct operations. With toll treating other companies ore you may not get the full margin on treating and selling the gold that is possible when its all your own ore being treated and sold.
Our management team know their stuff and will ensure they get the balance right. RR has worked under both scenarios whilst at Paddington Mine. At a luncheon about 18 months ago he was across the table from me and went into some of his experiences in toll treating Ore from a company which ironically has been merged into the BDC stable!
Chrs W2
BDC Price at posting:
7.6¢ Sentiment: Buy Disclosure: Held
