BKT 3.33% 5.8¢ black rock mining limited

$100m market cap at 7c.... hard to see the share price going...

  1. 291 Posts.
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    $100m market cap at 7c.... hard to see the share price going above 30c. I don't see a partner in the project buying a stake in the project based on the expected NPV. It will probably sell at a premium to current market price, but won't be a significant premium. So a large stake of equity will go to partner and $40m in equity to POSCO at sub 10c, plus another equity raise to fund project. It's just really hard to see the SP go back to the 30's.
 
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5.9¢ 151844 3
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
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