- Joined
- 17 August 2006
- Posts
- 7,811
- Reactions
- 8,429
Today's Announcement from the Beacon boys. Forward Sales contract signed for 9,000 ounces at $2430 per ounce over the next 6 months.
Without grabbing my calculator, that's +$20 million from June-November, guaranteed.
They have been generating an average of around 7,000 ounces per Quarter for the last few Quarters, so,
Assuming $2200 per ounce for the remaining 5,000 ounces we are looking at around $35 million over the next 6 months with around $1,000 AISC so minus $14-15 million
Equals another $20 million net profit into the coffers by the end of November
Last Quarterly we had about +$17 million in cash/gold locked in the safe
By November we will have around $37 million in cash ... Current Market cap = $130 million
I'm no rocket scientist, but this looks undervalued at 3.7 cents. Happy to hold until the Market catches on
Without grabbing my calculator, that's +$20 million from June-November, guaranteed.
They have been generating an average of around 7,000 ounces per Quarter for the last few Quarters, so,
Assuming $2200 per ounce for the remaining 5,000 ounces we are looking at around $35 million over the next 6 months with around $1,000 AISC so minus $14-15 million
Equals another $20 million net profit into the coffers by the end of November
Last Quarterly we had about +$17 million in cash/gold locked in the safe
By November we will have around $37 million in cash ... Current Market cap = $130 million
I'm no rocket scientist, but this looks undervalued at 3.7 cents. Happy to hold until the Market catches on