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clock Created with Sketch. 05/05/24
09:50
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Originally posted by FishingAndBeer:
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in brief the current mgmt took control around then with a small deposit at Lake Barlee.. they dug it up, toll treated it and moved on to start the Jaurdi project.
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Agree, We just need higher g/t through the mill and we become extremely profitable but at these gold prices it makes sense to run 1 g/t. 2g/t would see $50m per year profit @ AUD $1,100 per ounce profit. That is a lot of dollars for drilling and buying stranded projects to feed the mill. I think the directors are doing what is needed to grow the company. I see BCN being valued 5 to 10 times higher once profitable companies come back into vogue. Unfortunately this will be when we start seeing interest rates increase again.
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