30-June-2023: bsx-update-300623-Euroz-Hartleys.pdf

Click on the link at the top for the full report.

Source: ASX Free Equity Reports email (sent out most Fridays).

Free Sign-Up form here: https://www2.asx.com.au/investors/investment-tools-and-resources/broker-reports

Disclosure: I do not hold shares in Blackstone Minerals (BSX) and I have no view on them either way. They are obviously speculative because of the stage that they are at.

More Massive Sulfide hits
https://wcsecure.weblink.com.au/pdf/BSX/02341653.pdf
Results out in a couple of weeks

For those that need to get up to speed with the Blackstone story:
https://wcsecure.weblink.com.au/pdf/BSX/02342271.pdf

Held some at 14c and bought the cap raise. One of my high conviction holds.

Think the share price is being held down due to project being outside of Australia (ie: Vietnam). Seems any project in Australia attracts a premium!

The scoping study was robust, people selling the news today will most likely look stupid for doing so.

Trading halt

Pending results from scoping study of their Nickel Sulphide project in Vietnam that will be released tomorrow.

New shares from the fully subscribed capital raise also hits the market tomorrow

I put an order in for BSX here, may need to raise it depending on the results so it can be included in my portfolio.

#I hold BSX and also participated in the capital raise. One of my better spec play punts

High cost operating leverage nickel story. CAPEX for restart would be low. Seems to be doing well finding a bulk nickel deposit next door to the previously exploited vein deposit. JV to explore higher value add operations to feed into regional EV supply chain. Nickel market still looks short so expect prices are likely to go up more than go down from here.