Insight on how current situation impacts BSE?, page-2

On the investor call they said that they'd had at least one April order pre-poned to March, so short term result will be better than previously thought. There may be some medium term impact but it is difficult to see how it might justify prices this low.
They are sitting at a market cap of around $AU185M and representing a discount to NTA of 48%
The world will continue to use mineral sands and BSE is one of the lowest cost producers in the world (probably in the universe!)
They've got around $AU55M cash.
The cash generated from ops in the first half was close to $AU60M, the third quarter is almost done, and the first half cash was during the transition to the new dune, annual ops cash could still be $AU100M. Once things normalise this goes back to over $AU100M cash from ops per year.
The book value of equity is AU50cps!
Kwale's cash flow more than pays for current price, Toliara is all upside.
IMO DYOR
Disclaimer: I just bought some more