Well, building a coal mine is a huge capex project, and very few juniors are capable.
I think that having Bhushan as a partner is valuable for that reason, even if they do get a cheap JV or two.
If these deposits pan out well, and the market still doesn't like BWN, then Bhushan will probably just do a T/O.
One thing about Australian resources: they are constantly undervalued by instos/retail until a foreign entity is interested.
Then everyone gets all indignant that we are selling our cows.
worth a review, page-50
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Last
62.5¢ |
Change
-0.005(0.79%) |
Mkt cap ! $172.0M | |||
| Open | High | Low | Value | Volume |
| 63.0¢ | 65.0¢ | 61.5¢ | $137.7K | 219.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2395 | 62.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 63.0¢ | 11392 | 1 |
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| Last trade - 15.50pm 15/10/2024 (20 minute delay) ? |
| BWN (ASX) Chart |