Problem is the capex at US$555 milion. This is alot of money to expend on a project in Africa, in which the OPEX is 60% of projected forward sales (assuming $70 US pound). People may talk about Namibia being mining friendly etc. But perception is reality and the mine will be sited in Africa. There are also other potential headaches re water and electricity. Too many variables, too much CAPEX, and not enough OPEX margin. I sold out 3mths previously and am glad I did as I now have serious doubts about whether BMN will ever develop the resource.
Problem is the capex at US$555 milion. This is alot of money to...
-
- There are more pages in this discussion • 57 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BMN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.27 |
Change
-0.310(8.66%) |
Mkt cap ! $499.8M | |||
| Open | High | Low | Value | Volume |
| $3.30 | $3.40 | $3.23 | $6.799M | 2.065M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 24450 | $3.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.28 | 20000 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BMN (ASX) Chart |