BCN 3.70% 2.6¢ beacon minerals limited

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  1. 786 Posts.
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    Generally profitability decreases as mine activities expand but with LoM extensions and shallow high-grades there's no reason BCN can't be a Tier 2 mining company and be closer to 300-500M MC which is putting the share price closer to 15-17c. But that's 2 year away minimum I suspect.
    I still believe that shares need to be bought back before this goes into multi-bag territory from here.
    Last edited by Son of Gwalia: 28/12/19
 
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