Stoopy has a fair point. It’s easy for a small cap to spread...

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19/05/22

21:49

Post #: 61511378
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Originally posted by stoopy: ↑

I see this as a positive move. BYH have a limited amount of working capital (around 1.6m?). They need to concentrate on their more advanced projects. I acknowledge that we have missed out on the lithium buzz, but BYH are only a small company and in my opinion, if the deal goes through, it is quite a shrewd deal. They don`t appear to have outlayed a lot of time or money for a relatively large return. This will be a similar deal to the one that involved Star Minerals (ASX SMS). This is perhaps what may transpire with their other projects. Sometime back there was a potential deal which entailed an offer of $5m for their manganese. The deal fell through but now that prospect is more advanced and there are recent drilling results still to come through. BYH have also been awarded government grants towards their drilling costs in the Bryah Basin (Windalah $140k and Olympus $130k). Both of these projects are targetting a copper/gold resource.

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Stoopy has a fair point.

It’s easy for a small cap to spread itself too thin, and Bryah has excellent potential in its other projects, especially Windalah. Look what happened to Sandfire when they discovered DeGrussa. Five cents to Five dollars in two years. That’s the prize and they’re getting closer. Yes lithium is red hot right now, and the details of the JV makes you wonder, but in time this might prove to be a sound move.

BYH Price at posting: 4.5¢ Sentiment: Hold Disclosure: Held
4 Upvote

2 Great analysis

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