I don’t see assays providing any meaningful uplift in this market tbh Shellbell. Resource yes, but the DFS will be material.
Not hard to extrapolate an approximation on value. Even now the economics look pretty good relative to the market cap. It might be a fairly small project relative to other graphite plays but capex is low too so this will likely be a mine which is good.
If I miss out on a larger stake that’s fine. There’s a large seller in the market. Very easy to see. Whether they’re done yet remains to be seen. It needs to hold 9.4c or it could hit 8s. Either way, happy to buy higher on better information or lower if the tax loss selling continues.
BEM Price at posting:
9.5¢ Sentiment: None Disclosure: Held
