BCN 2.13% 2.3¢ beacon minerals limited

Agree Disco. Also, in the Feb 2010 GMG article the company...

  1. 153 Posts.
    Agree Disco. Also, in the Feb 2010 GMG article the company indicated that it would finance the $40m mine:

    "Doing the numbers, based on that rate plus an estimated $300/oz cash cost and a $1,200/oz gold price the $900/
    oz margin returns a healthy annual $63 million cash flow.
    So, you would be looking at paying off your capital within six to nine months, and then everything after that would be profit, Harris said.
 
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