BSX 4.35% 4.8¢ blackstone minerals limited

If you mean Chim Van, that's not a deposit, it's an exploration...

  1. 896 Posts.
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    If you mean Chim Van, that's not a deposit, it's an exploration target.
    A deposit is defined by an in-ground resource that has potential for economical extraction.

    The momentum won't be maintained by losing money either.

    The Ban Phuc MSV was 1.6mt @ 2.7% Ni.
    That was roughly 3.5 years of feed for 11600t of Ni per year.

    Ban Chang is 0.7mt @ 1.2% Ni.
    King Snake is 0.4mt @ 1.3% Ni.
    That's 2.4 years of feed for around 5060t of Ni per year.

    Costs are much higher than in the 2013-2016 period.
    Even with the nickel price higher, I doubt we would extract much value with a headgrade less than half of the previous MSV spread over 2 deposits and only 2 years of feed.
 
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