I see this as an upgrade in major shareholders at least for the time being. PNR struggling to make money and still in the teething stage. BCN have been making profits off $2500ounce gold price and paying dividends. They appear to be in a better position to help progress the MXR gold package into production in the short term and benefit both parties.
I haven’t had a really good look, but distance wise to the BCN mill seems to be quite similar to what we were looking at to truck to the PNR mill.
MXR Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
