@m1ckster - Market cap is basically only looking at 127,000...

@m1ckster - Market cap is basically only looking at 127,000 ounces resource estimate at $1,000 an ounce profit. Market Cap $127 million give or take a couple of million at the moment. For long term commentators for BCN the 10c to 20c talk is when production is underway and we are getting profit of $1,000 ounce at 25,000 ounces a year which is roughly earnings of 0.009 cents a share per year $2.8 billion shares. So subject to ASX P/E multiples of 10 to 20 not unrealistic, it could get that high. SP would be anything from 9c to 20c. Now if we find at the 6 target drilling sites another 125,000 ounces at each site the first market cap valuation (How we would appear to be valued now) puts us being valued around $0.26. That's without the production of 25,000 ounces a year. So 10c to 20c PS Mkt cap - bullshit ? Always good to have everyone's opinion. I agree, bigger the resource upgrade the better!