where's towie, page-19

Hi DiddyDT, check out Beacon's website, there are some media releases that are not in the ASX ann's

The Speculator David Hazelhurst jumped on earlier this year at 2.4c if that qualifies as a recommendation.

Aim of company is to concentrate on becoming a Gold Producer at Barlee by mid 2011 on the back of 500k oz resourse.

Should the drill program prove up less than 300k oz the intention is to toll treat until enough resourses are JORCed to justify own processing.
Aim is to debt fund plant for about $40m + maybe some more to cover oother incidentals, maybe roads etc. This would be paid by the fist 6 to 12 months of production.

Target prod is 50-75koz PA though the MD Darrly Harris has tended to be quoting the higher end of range more often, On BRR recently he stated confident in 500Koz and possibly over & prod target 75koz.

Communication with shareholders is very good IMO, both setting out clear goals & timelines and direct contact with company.
Current JORC is 74k oz, though we believe there is another 100koz in unJORCed hits since, that an amateur guess & very open to correction.

Uranium anomolies have been also found at Barlee though I would suggest this will remain on the backburner until gold production is up & running as well as FNQ tenement.
DH has also stated he is keeping an eye out to get extra tenements though in no rush.

Cash position should be around 4-6mil by end of year. So we should have sufficient funds to keep drilling for 2011 without a cap raising.
Units on issue: worth including 1c oppies BCNOA (conversion August) for total units of 980mil units.

Welcome aboard if you decide to join up with us :)