BCN 3.57% 2.9¢ beacon minerals limited

MXR - What is the play and When?

  1. 966 Posts.
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    MCR Current Market value $11m, potentially 169k ounces and only $4.5m in the bank. Dec 2024 they are out of money! Are we taking them over? At 4.2c that is $63 an ounce for the 80% we do not own. That would certainly help us and we would have a nickel/copper/lithium play thrown in for basically free.

    Does anyone have any local insights?
    https://hotcopper.com.au/data/attachments/5380/5380624-95f6fdbaa90974b595bb0c1a5733cf1e.jpg
    https://hotcopper.com.au/data/attachments/5380/5380627-a9a9f5cfa32984284fda2dd1ddfd6c2b.jpg
    https://hotcopper.com.au/data/attachments/5380/5380630-c327fd71a29124022919f37ab8ee1401.jpg
 
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