Mate can you please read the PFS announced on the 28th Feb 2022 and tell us all how profitable just the upstream (mining side of the business) is?
IMO its running at cost, = $0 profit.
To lure the mammoth investment required $850 million USD all the profits have been allocated to the downstream so that they (the partners) will share in the profitability $$$ (revenues) to pay back their capex investment while also gaining full access to the end product (NCM811).
BTW wasn't there talk last year of potentially have two businesses listed on the ASX (mining) and (chemicals)? How on earth could you do that when the mining business is running its balance sheet at cost.
BSX Price at posting:
18.5¢ Sentiment: Hold Disclosure: Held
