BSX 0.00% 3.4¢ blackstone minerals limited

12 Drill Rigs, page-8

  1. 362 Posts.
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    BSX is infill drilling so resource estimate complies with stringent local stds. Above Jorc.
    We should not expect huge results from the drilling as this is completed and he will advise when new targets are started I'd assume.
    Chim Van is main prize here and local targets have not been as good as expected. Depending on expectations but they are still decent, I'm sure they wouldn't propel the share price as they are all quite small deposits considering we all ready have 500kt of Nickel.
    the main focus has come away from drill results we are developing a vertically integrated battery chemicals plant and mine. we just locked in the full design with an EPCM.
    This thing is all go. I have been speaking with numerous companies who are supposedly delivering much sooner than BSX and are not locking in final detailed design. These are being delayed 6-12 months... Soon there won't even be EPCM's with capacity to design and deliver plants. This is a huge industrial risk.
    This final Supply contract can move on after the DFS Smoothly I'm hoping and won't go out for tender again..
    We may find more resource in current tenement but focus has to be for the main prize employment and partnering with the local government which is a win win. This district is a gold mine of PGE and these systems are large, if this doesn't pull off we go to 3rd party like NICO where we have 40ktpa of Nickel and Cobalt. this safeguards us for negotiations with Chim Van and is a great move. Then we also have a higher price point for ore over the stainless industry. We are in a great position.
 
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