is cash backing 0.5c now?, page-46

Hi @strauss , well it seems it has been purchased already by MDI for a sum of $2.5M all up, and if it gets to production legacy royalties will need to be paid also.

Initially I thought this a lost opportunity, but am thinking we could better use the $7m proceeds for new/other projects. Lets be honest, other than the resource and infrastructure, a 600,000tpa plant is not going to be cheap to maintain/run anyway, think BCN would be better sticking with toll treatment / ore sales in that area (plant was last used by Troy resources in 2010 and is expected to need $5-8m to refurbish).

MDI are looking at 18 months up and running, so if BCN do find anything of significance in 57/961 then they are right next door.

Cheers,

Disco.