BSX 0.70% 70.5¢ blackstone minerals limited

potentially Zippling, but rest of the market sentiment just as...

  1. 436 Posts.
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    potentially Zippling, but rest of the market sentiment just as imp in that lid on/off.

    seen a number of stocks with 2 tranches not come back to base closer to 2nd release so lets see how this one goes.

    either ways its just 2 weeks away, if majors are happy to put in $50m at 58, pretty certain they’re accumulating more ij this 55-60 range. Hopefully once the market makers have their fill, the breaks are off. If not on those 2 upcoming catalysts & sp stays subdued then early next yr if/when nickel breaks out.

    at least for most of us long here for a decent duration, we know how undervalued it is as a % of NPV for its current phase compared to some others. Next 12-18 months shall be a defining in seeing us through to the $750m-1b valuation mark before they look at FID.

    part of it is the location risk of ppl loving WA based stuff & discounting overseas but also think once we’re able to confirm nic sulphide supply from 3rd party (or chim van hits big) will be the bigger de risker (in ensuring D-PFS is possible) than finance/offtakes/JV etc.

    wouldn’t surprise anyone if jorc update is in sync with Dhanu’s presentation this Thur & U-PFS is within a few days of tranche 2 release.
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