Reading the last cashflow report and with an estimated first pour in the latter part of June bcn had enough cash without a cappraise. Suppose better safe than sorry
Tje letter to shareholders stated their will be about a billion options at 2.5 c when the dust settles. That strike price ain’t far away and it is very plausible in the near future with bullion success. The value equates to 25 mill when sorted. Note the current Market cap is not much more than that now. And the loan is about 20 mill
the market cap to asset value ratio excluding the yellow stuff is close to 2 to 1.
And a claim that ASIC will be 870 per ounce
it seems the odds are stacked in favour of this horse.
Interesting observation
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2.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $86.40M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.3¢ | 2.3¢ | $28.26K | 1.228M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1826847 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 295141 | 3 |
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| Last trade - 15.34pm 09/08/2024 (20 minute delay) ? |
| BCN (ASX) Chart |