BCN 8.70% 2.5¢ beacon minerals limited

BCN seriously undervalued

  1. 11,665 Posts.
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    The good news surrounding Beacon Mining keeps flowing.

    I have updated my Beacon valuation compared to the original PFS issued on 29th Aug'18

    I have updated for the following:

    Gold price US$1500 (prev US$1200)
    Exchange rate US$0.69 (prev US$0.73)
    Gold recovery 90% (prev 85%)

    Based on all options converting at 2.5 cents BCN shares, including franking credits, are worth 5.4 cents

    Based on no options convering BCN shares, including franking credits, are worth 6.0 cents

    So BCN shares are undervalued by at least 15% and up to 28%

    However should further gold bearing deposits similar or better than Lost Dog be discovered the share price will explode.

    So the question for me is what is the likelihood that Beacon can find more gold?

    I would love to hear your opinions.

    Cheers..................Daicosisgod .........and Go Pies for next Saturday at the MCG
 
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Last
2.5¢
Change
0.002(8.70%)
Mkt cap ! $93.91M
Open High Low Value Volume
2.5¢ 2.5¢ 2.4¢ $58.53K 2.409M

Buyers (Bids)

No. Vol. Price($)
6 2156827 2.4¢
 

Sellers (Offers)

Price($) Vol. No.
2.5¢ 6140825 13
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Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
2.5¢
  Change
0.002 ( 4.26 %)
Open High Low Volume
2.4¢ 2.5¢ 2.4¢ 586934
Last updated 15.38pm 29/03/2024 ?
BCN (ASX) Chart
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