Just got this in an email ...Tue, 4 Apr at 9:43 amTuesday, 4 April 2023
BKT - BLACK ROCK MINING LIMITED
Macquarie rates BKT as Initiation of coverage with Outperform (1) - Macquarie initiates coverage of Black Rock Mining with an Outperform rating and $0.28 target. The company is developing its Mahenge graphite project in Tanzania with a four-stage development to produce up to 340,0000tpa over 26 years.
The required approvals have been secured including a special mining licence. Mahenge has the fourth largest JORC reserve globally. Over 80% of the first stage production is under binding offtake or option, with POSCO set to take 32% of total volume for the life of the mine.
Target price is $0.28 Current Price is $0.14 Difference: $0.14 If BKT meets the Macquarie target it will return approximately 100% (excluding dividends, fees and charges). The company's fiscal year ends in June.
Forecast for FY23:
Macquarie forecasts a full year FY23 dividend of 0.00 cents and EPS of minus 0.60 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 23.33.
Forecast for FY24:
Macquarie forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 0.40 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 35.00.
Market Sentiment: 1.0All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Just got this in an email ...Tue, 4 Apr at 9:43 amTuesday, 4...
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Last
5.7¢ |
Change
-0.001(1.72%) |
Mkt cap ! $71.32M | |||
| Open | High | Low | Value | Volume |
| 5.9¢ | 5.9¢ | 5.7¢ | $105.3K | 1.821M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 598949 | 5.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.9¢ | 754540 | 1 |
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| Last trade - 15.49pm 09/07/2024 (20 minute delay) ? |
| BKT (ASX) Chart |