So we are still at Aud $2,490. (Ave $2,500) still production is 30k ounces per year, still making profit of $36,000,000 per year if we don't do big Capex spend. Guys shares are on sale, 75% off at the moment because no one is buying.
Also if we stopped mining and just Milled dirt for others what would be our profit? 50% of ounces milled would be ours? With not much in the way of costs because no mining, would we still be around $30M profit?
I'm happy as we haven't dropped as much as other mining companies share price. I'm super interested in what is coming for BCN over the next 2 years. Hopefully dividends keep coming or mega deal that sets us up for next 20 years. DYOR
BCN Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
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