There is a more basic issue that has concerned me for a long time other than their inability to hit production targets. if they manufacture the biggest flake and get maybe US2500/t and actually hit 500t a month, that is monthly gross revenue of only $1,250,000 or annually, $15,000,000! That's comparable to a hobby gold producer with out put of 12,000 ounces PER YEAR. and no idea of the operating margins.
I was in BSM in the past, got burnt but like graphites so keep snooping around. But I just don't get this. Maybe a modest self funding exploration strategy at best.
There is a more basic issue that has concerned me for a long...
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Last
6.2¢ |
Change
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| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Change
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