Ann: Letter to Shareholders, page-113

Thanks everyone for your comments, been picking up a lot of knowledge from them. If the grade is 2x or higher than the prior average for Beacon, then running this ore before they get to 100% ownership will be as or mre profitable than prior operations. There is another factor beyond the possible 3x more gold there than is known of today. It is that the royalty is only on gold and silver.

At fairly nearby Karora Beta Hunt nickel mine, which ran as a nickel mine for decades, one day they found the below.


It has been a gold mine ever since.

So any reason there could not be nickle at Ida? Or something else, that will have no royalty?

And when Timor hits, Ida will be a small footnote for Beacon.

For people with local knowledge, what do you think are the most likely other minerals at Ida?