BCN 0.00% 2.3¢ beacon minerals limited

Ann: Trading Halt, page-117

  1. 8,294 Posts.
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    It's hard to say, the closest plant was FMR likely they had no availability within the time frame to save the company.

    Any other plants are on the other side of kalgoorlie, either they had no availability or the cost of transport negated any margin of the ore, also suggesting the grade was well-below spec.

    It could be, and as I suspect likely, that the geology was not understood, or the data used was poor quality - this is pretty typical of the juniors in my investment experience. Crap in, crap out. Can't be painting every junior miner with the same brush but investors should be wary and DYOR.

 
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