@wombat777
I recently cashed out of Beacon Mining. ASX code: BCN
I made a 50% return over 2+1/2 years. I was originbally looking to double my money over 5 years so relatively on track.
Here are some contrasts betwenn BCN and GNM.
BCN have reserves of about 150,000 ounces with a 5 yr mine life. AISC of about $1,100 per ounce and currently producing 30,000 oz per annum. Beacon spent about $20m on getting the gold plant and associated pits and water resources set up. Located about an hour out of Kalgoorlie.
BCN current market cap of $122m and no debt.
Based on your numbers starting at 500,000 ounces GNM could have a market cap around $180m which implies a SP of around 15 cents.
GLTAH and DYOR
@wombat777 I recently cashed out of Beacon Mining. ASX code: BCN...
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Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.860M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 95000 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 634637 | 3 |
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| Last trade - 16.21pm 30/07/2025 (20 minute delay) ? |
| GNM (ASX) Chart |
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