Bringing my original post back to the top for new holders.
Some people seem to forget we have had 5 significant announcements in the last 4 weeks and are still complaining.
I don’t know many companies large or small that have made that many announcements!!
You are lucky if you get one in a month.
Here is a recap for new investors and existing (also please can we move irrelevant chat onto the ”
BSX Day to Day SP discussion ” thread). Thanks.
This is a huge increase to the MR and will continue to grow with further drilling in 2022!!
BSX has 2 types of deposits across the project:
Disseminated (lower grade nickel – high tonnage (open pit mines) and
Massive sulfide (higher grade nickel – lower tonnage (underground mines)
130Mt is no joke and puts us up there (globally) in undeveloped Nickel sulfide projects.
Australian investors often get sniffy about lower grade deposits abroad, but the fact is that from a mining point of view it’s simpler and cheaper to mine a large tonnage open pit than it is a high grade, underground occurrence, particularly as those high grade mines get older and the operating areas move further away from the shaft or decline.
This makes BSX’s project very attractive!!
Another advantage for BSX is it’s labour costs which is one of the lowest in the world. This will bring down the cost of producing nickel and maximize profits.
Someone converts 1.5m options with an exercise price of 60c. That’s $900k.
You don’t do that unless something is coming imo. That’s not pocket change!!
This is a very significant announcement and kicks starts in Jan 2022. We are now getting serious with the production of Nickel Concentrate!!
This could be a dark horse for BSX. A great announcement intersecting massive Copper, Nickel and Cobalt
from the first drill hole.
This project could be huge with a 50km strike!!!
Scott and the team have made a very shrewd investment here. This project could potentially supply nickel at our Concentrator or Plant in the future.
Shaw and Partners have increased their
price target to $2.00 within the next 12mths.
We are in a much stronger position with $73m in the bank and the future increase and demand for high grade nickel battery (NCM 811).
People also forget that all the plant and equipment we have is worth ~$130m to $160m.
Today we have had 2 substantial holder changes.
2 of our largest shareholders have increased their stake in BSX in the recent placement (CR).
Deutsche Balaton is one of the largest funds in Europe increasing their share holding by another 2.6m shares ($1.5m) to 64.0m shares
Fidelity is one of the largest funds in the WORLD and added a whopping 13.2m shares ($7.65m) taking their total to 43.7m shares!!
Deutsche Balaton and Fidelity own 24% of the company.
This is great news and should give huge confidence to the market.
All the pieces of the puzzle are falling into place nicely.
MC of $250m with $73m in the bank and Plant/Machinery worth in excess of $140m+ makes this very cheap imo.
2022 will see BSX firing up and a true re-rate should be seen.
Just a reminder of the stunning PFS numbers for the Downstream business!!
Once we add Upstream PFS numbers in the next month or two it will be massive.
Good luck holders.
(20min delay)