BKT 2.86% 3.4¢ black rock mining limited

from the last time started an 'Ugly Duckling' thread (on AMN),...

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    from the last time  started an 'Ugly Duckling' thread (on AMN), the share price has more than doubled from 15 cents to 36 cents; therefore will try my crystal ball hand here, again

    * BKT just announced the 2nd highest grade metallurgical results in the market (after from MNS)

    * the high grade result of 99.1% TGC (like MNS) was achieved without using acid

    * like MNS, BKT appear to have no vanadium impurities in their ore

    * MNS have indicated their 99.5% graphite commands a premium price of around an additional $1,000/t because it does not have to be shipped to China for upgrading to 99.5% battery grade concentrate (the benchmark for battery grade natural graphite)

    * BKT have indicated there is scope to further improve their concentrate impurities

    * The BKT flake size distribution is excellent, with 54.3% of their basket being large size flake or larger and 86% of their basket achieving 99.1% purity

    * MNS current has a market cap of $522M fully diluted (after subtracting in-the-money options cash)

    * BKT currently (at 6.5 cents) has a market cap of $19M fully diluted (after subtracting in-the-money options cash)

    * MNS have declared a Mining Reserve on the Block F and FS orebodies totalling 76 million tonnes at 4.79% Cg for 3.6 million tonnes of contained graphite

    * BKT have suggested an initial Mining Reserve of 12 million tonnes at 10.5% Cg for 1.3 million tonnes of contained graphite however BKT have an inferred resource of 131 million tonnes at 7.9% Cg for 10.4 million tonnes of contained graphite

    below is the capital structure of BKT, who will have around $2.6M in cash reserves at 30 June 2016



 
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Last
3.4¢
Change
-0.001(2.86%)
Mkt cap ! $66.35M
Open High Low Value Volume
3.5¢ 3.5¢ 3.3¢ $12.02K 355.0K

Buyers (Bids)

No. Vol. Price($)
1 150000 3.4¢
 

Sellers (Offers)

Price($) Vol. No.
3.5¢ 10028 2
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Last trade - 12.18pm 04/12/2024 (20 minute delay) ?
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