The Investment Doctor
Long/short equity, value, debt, base metals

Beadell Resources - A Cash Cow In Brazil


In this article, I'll have a look at Beadell Resources (OTCPK:BDREF), which owns the Tucano Gold-Iron Ore project in Brazil's Amapa state. The company is currently producing gold and iron ore and is ramping up its production profile towards a steady-state output of approximately 175-200,000 ounces of gold at a very competitive cash cost of less than $500/oz. I will ignore the company's early stage exploration projects as I want to highlight Beadell's Tucano project which will be a real cash cow.

(click to enlarge)

Beadell's main listing is on the Australian Stock Exchange where the company is trading under the ticker symbol BDR with an average daily volume of in excess of 4 million (!) shares....

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details