BSX 7.89% 3.5¢ blackstone minerals limited

I don't get the sell off on this. A$ 3-5bn NPV for $200m MC...

  1. 272 Posts.
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    I don't get the sell off on this. A$ 3-5bn NPV for $200m MC with very conservative assumptions, 2 year pay back, a clear understated operations timeline and $60m in the bank...what was built in at $150m ex cash MC for this to sell down further. MC should be $450-500m on this IMO
 
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