BKT 1.92% 5.1¢ black rock mining limited

Think about a 30% project partner.Putting aside how you price...

  1. 394 Posts.
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    Think about a 30% project partner.

    Putting aside how you price that, selling 30% of project also means BKT only needs 70% of CAPEX, USD158m. if you can maintain USD110m from the banks, BKT short of CAPEX share is USD48m or ~ AUD70m.

    AUD70m for 30% of project implies a $233m Market Cap or 18c share price. Importantly it's valuing it a 10% of NPV.....I think once the debt is confirmed, it's game on for SP.

    that's the ultimate outcome as you don't need POSCO and as no ECM dilution, value per share ($ of NPV per share) is superior than issuing 50% equity funding of entire project.
 
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5.1¢
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Mkt cap ! $63.81M
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5.1¢ 5.5¢ 4.8¢ $193.6K 3.796M

Buyers (Bids)

No. Vol. Price($)
1 149310 5.1¢
 

Sellers (Offers)

Price($) Vol. No.
5.2¢ 157500 2
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Last trade - 16.10pm 19/06/2024 (20 minute delay) ?
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