GOLD 0.51% $1,391.7 gold futures

Check out BDR (Beadell Resources) who are currently focused on...

  1. 149 Posts.
    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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