Blackstone Minerals (BSX) - Unconventional Downstream Plan Differentiates
Matthew Gordon, Ptolemy Capital
3 Weeks ago
An ASX nickel developer with an asset in Vietnam. They are after a large asset because their business partner EcoPro need scale. Williamson joins us to talk about the market reaction to the Blackstone Minerals Scoping Study, and explains why they presented the numbers as they have. He says Blackstone Minerals need to focus on exploration but getting the mine into production will be when investors start paying attention. Williamson says because they intend to focus on downstream products that they will capture more of the value. So rather than looking at the concentrates, they aim to producer precursors. Something that Williamson is keen for investors to start to understand the importance. The reality of their plan means that there will be a staged approach to the capex which perhaps is not immediately apparent. Williamson explains that the economics will improve from the numbers presented.
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