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5.9¢ black rock mining limited

BKT research / Graphite sector research, page-430

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ddzx

37,911 Posts.

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28/12/22

15:19

Post #: 65460511
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Originally posted by shitforbrains ↑

I am open to other people's opinions if they can back it up. Like I said BKT SP may drop further but the problem is that others will think that there is some sort of logic and reasoning to the lines on his charts rather than "guessin" and a vibe.

At the current SP, BKT is valued at approx 6% of NPV. To me this is a very attractive risk vs reward proposition especially as they have all approvals in place and a good relationship with Tanz Gov.

How they acquire the funds for the construction will be the next big question: JV, takeover, capital raising / dilution, finance debt/loans. BKT have stated it is targeting 50% debt funding (from memory). This could come from a JV partner.

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if we use the non-current US$1709/t basket price in the eDFS, the NPV of Module 1 is around US$297M or AUD$444M

therefore, the current market cap is around 28% of the module 1 NPV

but if BKT raises 50% of the Module 1 capex at the current share price of 12.5 cents, it seems the market cap will be around 59% of the Module 1 NPV

but if we plug a current basket price of US$1300/t into the spreadsheet, the NPV for Module 1 falls to around US$150M

Last edited by ddzx: 28/12/22

BKT Price at posting: 12.5¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 5.9¢		Change -0.002(3.28%)		Mkt cap ! $73.82M

Open	High	Low	Value	Volume
6.0¢	6.0¢	5.9¢	$65.27K	1.090M

Buyers (Bids)

No.	Vol.	Price($)
6	256515	5.8¢

Sellers (Offers)

Price($)	Vol.	No.
6.1¢	20000	1

View Market Depth

No.	Vol.	Price($)
6	256515	0.058
2	170000	0.057
4	102000	0.056
3	375000	0.055
2	30000	0.050

Price($)	Vol.	No.
0.061	20000	1
0.062	286103	6
0.063	79964	2
0.064	450300	5
0.065	191790	4

Last trade - 15.36pm 04/06/2024 (20 minute delay)


Last 6.0¢			Change -0.002 ( 1.64 %)
Open	High		Low	Volume
6.0¢	6.0¢		6.0¢	127820
Last updated 14.05pm 04/06/2024 ?

BKT (ASX) Chart