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.
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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....
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