BCN 2.27% 2.3¢ beacon minerals limited

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  1. 1,937 Posts.
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    The cash costs were unnaturally high because we processed way more dirt than we needed to that was above the forecast. They have paid dividends before and directors have put millions of their own money into this. They always do what they say they're going to, and don't muck around. NST's and Silverlake's AISC is higher than ours, so you're exaggerating. EVN is lower than ours, but our AISC will only come down from here. This is a brand new mine which did extra stockpiling so I think we're in a pretty good situation. We have not much debt, and the debt we do have will be paid back in October this year, then all cashflow is ours. This is a low-risk operation with trustworthy directors who know what they're doing. If you're not sure about this company, do some more reading, and if you don't want to buy, don't. I'm happy with my holding and looking forward to more dividends in the next couple of years.
 
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