BCN 4.00% 2.6¢ beacon minerals limited

I'm reviewing my capital allocation across my portfolio this...

  1. 354 Posts.
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    I'm reviewing my capital allocation across my portfolio this weekend.

    I look at Beacon:

    MC: $97.7M
    Cash at bank: $15M (assumed)
    Enterprise value: $82M (roughly)
    Au price: $3,600 AUD

    Other:
    Cu price at ALTH, Beacon with prospective copper tenaments.
    Lady Ida is high grade material to leverage a low tonnes mill.
    Numerous investments in other businesses around Kalgoorlie
    Initial capex in pre-stripping at macphersons now complete.

    What am I missing? This could be easily a $200M business which is a 100% return. I will continue to hold.

    Pretz
    Last edited by Pretzel7: 18/05/24
 
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