BCN 0.00% 2.3¢ beacon minerals limited

Debt free and SP stagnant?, page-115

  1. 5,548 Posts.
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    I keep hearing of new, extended LOM from many posters here; and even posters noted many mines that run, historically, on 3 years of reserves, and find more year by year (but then I researched and those mines were sitting on huge gold in the ground and just need to infill drill here and there).

    I hope BCN will actually stump up some more ozs soon. They only have three years left of digging gold out of the ground. I guess they need to add one more year to dig before they get down to TWO years mining left. That would be a worry!

    Let us say they find no more and just pay out the cash from finishing up the current three years mining plus one year process the stockpile. Is there a big rehabilitation budget needed to exit the mine. Is it possible they bank $100mill, but need to pay $50 mill to clean up, and us holder are left with 1 cent a share in final, FINAL dividend? (just asking for a friend)
 
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