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5.8¢ blackstone minerals limited

@csadeevAre they only talking about the Bucko mine and resource...

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subi1

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06/12/23

09:53

Post #: 71295004
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@csadeev
Are they only talking about the Bucko mine and resource or the whole project.

Originally posted by csadeev: ↑

In the media thread, @garbageln and @Fredwah called out that the Bucko Lake resource has negative NPV on spot nickel prices and the calculated AISC would be barely above the current Nickel price. Also, they used a 6% discount rate for their PEA calcs, which is extremely low given the current central bank rates. Just to break even on the $80m purchase price on 8.5% discount rate, the current nickel price needs to increase by at least 25%.

Buying an option for an uneconomical (negative NPV) project shows how desperate SW is at the moment.

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