bse investor facts

So BSE is 24ml MC now at 20c - 9ml cash = just over 10ml EV. We have:

Established JORC mineral sand resources at kwale

Options to go large outside Kwale (1.5bt potential).

Kwale project alone NPV = US$140ml, support 11 years mine life, total rev US$1.3bl, net cashflow US$600ml.

Infrastructure in place, haulage possible as only 50km to port, low stripping ratio, low operating cost.

Heavy weights on register. AIMS & FirstRand group taking just under 20% each. A couple of wealthy individuals also control 5% more. super tight register.

Chinese were interested in taking 70% interest for US$200ml package with previous owner.

BSE management intends to raise company profile through various roadshows.

Preso mentioned preliminary discussions commenced with industry group, presumably something in the wind with Chinese offtake or a partner?

Im glad I held my core positions on this one, only regret I didnt sell out ORM quick enough to get more at 17c.