Don't really have an 'opinion' on BCL/BML options beyond the points I outlined in my (sorry, lengthy) post this week which was more factual than opinion. We all know what Clint Eastwood had to say on the worth of opinions.
BCL are attractive due the smelter and Bots's wish/intention to be a mineral processing hub in southern Africa and beyond. The recent further announcements by both Tanzania and Philippines on banning raw exports has to be a plus for price of Nickel and Copper, and thus for the attractiveness of BCL (and BML?).
As with many posters I have no specific qualification beyond experience and certainly no licences in this field but as I invest I dy(m)or and re BML I have done some ITG figures at current metal prices and find it hard to see how the Maibele deposit will be left in the ground. There are extensive areas under permit with multiple prospects and anomalies as well, and my rough figures show me MN ITG is near enough to US$ 300M on the initial JORC, based on only 2014 drills...as far as I know. Remember that first JORC was quite restrictive in its scope.
Have been considering changing my "Sentiment" position from "Hold" to "Buy" on BML, but as with many people shortage of ready funds holds me back right now.
Apparently Tan have banned Gold, Cu, Ni and silver raw exports to encourage local processing, while Phil (one of the Secretaries, not Minister so far) "world's top Nickel ore supplier" is proposing a ban on Ni ore exports. Worth noting this has been discussed before but did not become law.
http://www.miningweekly.com/article...of-unprocessed-minerals---official-2017-03-03
http://www.miningweekly.com/article...to-increase-domestic-beneficiation-2017-03-03.
Have a nice day.
Re:Commodities
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SI6 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.737M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $5K | 2.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 40 | 59890139 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 15058259 | 18 |
View Market Depth
| Last trade - 10.28am 03/07/2024 (20 minute delay) ? |
| SI6 (ASX) Chart |