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2.8¢ blackstone minerals limited

Ann: Wabowden Nickel Project Option Deal Investor Presentation, page-38

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subi1

8,666 Posts.

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06/12/23

11:29

Post #: 71298828
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Originally posted by csadeev: ↑

If their largest, highest grade deposit is uneconomical at current nickel prices, what do you think the rest of the lower grade assets would be profitable?

Essentially BSX bought a speculative call option on nickel to increase by 25% with 12 expiry for 1m. If that doesn't happen, the project has negative NPV and is essentially worthless. There is a reason this asset has been stranded and on care and maintenance for over 10 years. If you think Wabowden can be mined economically right now, it is nothing more than wishful thinking from your side.

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It isn't the largest deposit. Bowden is much larger. Look at the picture a few posts higher.

The other point is the mineralisation is open at depth.

Bsx is also looking at bulk mining which changes the economics.

Last edited by subi1: 06/12/23

BSX Price at posting: 8.7¢ Sentiment: Hold Disclosure: Held
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