I posted this elsewhere..
INL sold BSM the Hellyer Plant including the dam with remaining resources, power, railway access, dredge, sheds, warehouses etc.. An estimated $100mil worth..
For what I think is incredibly cheap..$4mil in cash and a royalty of $2.50c per processed tonne capped at $5mil. It seems to me that BSM got themselves an absolute bargain here.
Hmmm now that's shrewd..
It looks like BSM is ready to move to the next level.
Great move..
ann: shareholder update on hellyer mill, page-2
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