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.
If you do your own sums, im still not sure its worth the risk to...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BCN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.3¢ |
Change
-0.001(4.17%) |
Mkt cap ! $86.40M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.3¢ | 2.2¢ | $33.56K | 1.461M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1767930 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 149665 | 2 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| BCN (ASX) Chart |