Ann: Trading Halt, page-28

3.8b shares on issue (including options etc)- 0.034 share price (20/8/21 close price)-
$130mil MC
2-3 year LOM
What would it take BCN to reach a MC of $500mi with share price above 10c?- increase of LOM to what? 10 years? 15 years?- increase ounces to what?

ye olde back of beermat calculator .. very much guessing.. but you can push the numbers up or down based on whether you thing its over or under estimating

I'll count it as 3.5 year LoM + another 44koz resource not counted in LoM + Big Cat and Lynx (not yet assessed or completed) but lets say it has at least 1 year

thats minimum 5.5 years of material at current
so lets say 20-25mil profit per year after exploration costs + value of the mill for current MC of $130M (there would be time loss value)

lets say we get 350 - 400k oz - at 1.5 to 2g/t ballpark
subtract the cost of acquisition then add another 10 years LoM (lets knock off 50% for time value) + 125 mil to market cap
that would double our SP to close to 7cents... in the current market conditions

however i will say.. we are unloved as a sector / market at the moment, you could probably quickly add 20%+ to the SP if international money comes back in.
We also have PoG which..if it breaks out of the inverted head and shoulders pattern will get us to AUD3k spot price pretty quick which again would increase our SP by +-50% and there you go.. you could be up around 10 to 15c a share in the next 12 months without the whole financial system even collapsing yet. and not touching TE either.


Anyway.. who knows whats in store.. it might just be tenements though i dont think they would do a trading halt for that.. so i do think its in ground ounces.. we will find out tomorrow.. GLTAH