BSX 4.92% 6.4¢ blackstone minerals limited

Sleeping Beauty ASX BSX, page-20

  1. 4,114 Posts.
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    Claims that BSX can go to 50c or even a $1 are not 'preposterous' imo. I think they are quite reasonable however are predicated on several factors.

    Factors like what the drill bit turns up, how quickly they can expand the known mineralisation and at what grades, the macro environment and specifically the Nickel price, potential backing by a large company like LG looking to source a secure Nickel supply, costs associated with downstream processing etc

    Given that some of these factors go well, especially the drilling, then the consideration that there is low shares on issue, they have a processing facility that cost $136mill to build and will be relatively easy to switch on and finally the current MC then a move to 50c or even a dollar are not out of the question. The time line for this to occur is unknown but if all goes well this will have a considerably higher MC in the not too distant future.
 
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