BCN 4.35% 2.2¢ beacon minerals limited

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    If you do your own sums, im still not sure its worth the risk to mine it ourselves.

    Amigos say after costs they'll make $35,971,000 and dig up 33,500oz. This does not include cartage from what i can tell, and if you looking at the distances they are talking about probably $400 per oz.

    So add the cartage costs ($13.4 mill) and the EXTRA $2mill it will cost to startup (they are dreaming if they think $2mill is enough) and final figure if we dig ourselves is about $20million.

    Thats only 2c per share earnings - not 3 to 4c.

    All back of envelope calcs so DYOR.
 
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