BCN beacon minerals limited

Ann: Quarterly Activities Report, page-14

  1. PDT
    175 Posts.
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    Hi gutumike,
    You're looking at the 4 quarters of CY24 not FY24
    Use the Sept and Dec quarters in that table plus the next 2 quarters to give a FY25 figure (if you know what I mean)
    MarQ25 is now so if the costs are the same as DecQ25 and we produce 7500oz which should be doable the AISC should be more like $3,040 per oz which is still too high I think. We should get closer to 8000oz so AISC of about $2850oz
    Costs need to come down or production numbers have a big jump for a better costs number.
    Areas of improvement could be the mill recovery which was 87.4% That was the lowest number they have had, but they have been making changes to the mill so hopefully that number will come up.
    Getting that number up to 90% is another 200oz
    And obviously grade. If they can bump up from 1.17gt to 1.25gt into the mil, that's another 500oz for the quarter.
    8500oz at the same costs would be $2,680 per oz. Not too bad for a small scale miner selling for $4,450 (so far anyway)
    I doubt they will hit that as grade won't go up much from where they are now so the last number might just be dreaming.
    But using that table from the DecQ, production of 8,000oz using the same costs would be an improvement from $3.6m Net Mine Cashflow to $11.8m for the MarQ25.
    That's my ramblings for this afternoon anyway.
 
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