Check out BDR (Beadell Resources) who are currently focused on their Brazil operations, although they also have some promising Australian prospects. In Brazil they have substantial gold reserves and resources and recently acquired iron ore interests which, as credits, will reduce their gold production cost/oz to <$400.
Shares on issue 724.7M
Options 35M
Market Cap $573M (04SEP12)
Monthly Volume (shares) 80-90M
Included in the ASX 200 Index
Est. Funds (30 June 12) $43 M
Cash $23 M
Undrawn Project Finance $20 M
******************************
? 5.1 million ounce resource, 1.8 million ounce
reserve
? US$6.5 M exploration budget to add significantly
to the Resource/Reserve position
? 10 year mine life from open pits
? Forecast production up to ~180,000 oz p/a of
gold
? Iron Ore Agreements signed with Anglo Ferrous
Amapá
? Iron Ore by product revenues from agreements
will drive gold cash costs significantly lower
? Capital spend for CIL Plant ~US$100 M on
budget
? Commissioning of CIL Gold Plant planned
September with first ore to mill October 2012
? Mining fleet fully operational for “Owner Mining”
? Experienced and energetic site personnel
Above are excepts from their most recent presentation:
http://stocknessmonster.com/news-item?S=BDR&E=ASX&N=603403
Cheers,
Tez
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