BSX 0.00% 3.4¢ blackstone minerals limited

Leading up to the PFS which is only weeks away now, how is the...

  1. 602 Posts.
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    Leading up to the PFS which is only weeks away now, how is the market sleeping on this stock?

    Downstream PFS is well known now to incorporate 4 trains x 200,000 Tonnes of nickel concentrate p.a. processed into NCM Precursor product for the EV battery market which trades at a 30% premium to Nickel concentrate.

    What would the cost be just to purchase 4 x 200,000 Tonnes of nickel concentrate p.a.? My estimates would be in the range of $3 to $3.5 Billion p.a. so one would reasonably expect some major players signed on as partners on possibly a per train basis as Scott mentioned each train will be slightly different in end product.

    Is that the trigger for the BSX market cap to reflect its potential?

    The scale of this project will soon be known with the Downstream PFS to be released within the next two months and along with it no doubt some commercial partnerships that are major players in the EV battery space just based on the enormous scale of this project (800,000 tonnes of Nickel Concentrate is large scale no doubt).

    Current market cap $116 million is obviously reflecting none of the above, thoughts?

 
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