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3.4¢ blackstone minerals limited

Ann: Blackstone Intersects Broad Nickel Sulfides at Ban Chang, page-31

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phil365

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23/06/20

21:54

Post #: 45404209
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Originally posted by edgck: ↑

In the last corporate conference they mentioned they may offload the Oz/CA projects in the future as their priority is Viettnam IF the right price is offered.

Plus the CA project is mainly cobalt which isn't doing so well.

This is on their website.

It might explain why the lack of upside here. Everyone is into Oz projects right now whether or not they become feasible or not since they think Oz is a more stable jurisdiction. And it not only applies to Nickel but all commodities.

For example: Look at ADT, hardly reacts to changes in silver price like SVL since it is in Eastern Europe. But ADT is more likely to proceed compared to SVL IMO.

I think more time is needed before people realise that overseas projects could also succeed.

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Yep, they are doing the minimum spend on these. A JV of sorts would be ideal.
But could offload, but would not be for much.
CAN projects looks big though. And Co deposit is comparable to the significant Morocco analogue.
As mentioned in recent video they are not looking for cash. So my hope is we can get around to these when cashflow is good.

Spot on about overseas projects, many examples of seriously undervalued asx in good to tier1 jurisdictions, sometime a major in the locality doing TO is best outcome.

BSX Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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