Concise, professional and well set out; whilst most of the info is known, I took the following points as further reason to be comfortable with this investment.
Senior management team of seven positions, majority to be filled in the current quarter, preparing for rapid movement from PFS into detailed engineering phase and mine construction planning.
Emphasis on low capex to ensure finance is achievable.
Spheronising, purification and Coating Plant - as a downstream opportunity to enhance margins.
I believe this 'crawl before you walk' approach is attributable directly to Chairman Copoulos. His father Peter started with one Ollies Trolley and from that grew over the decades much wealth and much success over a relatively broad range of businesses.
I think we are fortunate to not be led by a lawyer, accountant, salesman, scientist, but rather by an experienced, very successful business person with a pragmatic view of the bottom line encased in commonsense and a knowledge of how to achieve it.
Coupled with the resource we have gives me a lot of confidence.
Interesting to note turnaround in the buy sell ratios over the past couple of weeks.
Don
BKT Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
