BCN 0.00% 2.6¢ beacon minerals limited

Whats holding the SP back ??, page-2

  1. 490 Posts.
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    Hey rev,

    A fair comment in my view, it has been stagnant for a long while. I think the market is waiting for Beacon to release their costs of production in its entirety so new prospective investors will know what income to expect. So far we know they are going to mine and have approval with 180k ounces, along with a great chance to increase payload around current defined resource at jaurdi, but until we know the CAPEX and projected income from mining I think we will remain around the 1.6c/1.7c support area.

    There's always a chance of a spike with the release of drill results, acquisitions and the like too.

    Good luck, remaining patient myself. Been holding too long to not see this project through to fair value.

    Kirk
 
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