BKT just issued a new JORC. Tick BKT will need to issue...

BKT just issued a new JORC. Tick

BKT will need to issue spherical & anode results from their 99% concentrate

These will form the basis for the PFS, which is also due, & also form the basis for any offtakes.

BKT is capped at $50M, fully diluted (less options cash).

Will need offtakes from here, imo.

Personally, I have exited all of my options & just hold a small amount of shares. (Since I blew around $150K profit on MNS and $150K profit on TON, I will probably blow it on BKT as well).

Offtakes is the hard part but with VRC appearing out of the game, the BKT chances look better.

VRC did not even mention spherical yield or battery anode in their PFS. I am not sure what is going on with VRC?

The BKT concentrate looks good if it can yield 65% in sphericising (better than SYR's 55% & lower than MNS's 75%) and save 50% on the sphericizing costs. This could result in a premium of at least $500/t.

regards