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#Business Model/Strategy
Last edited a month ago

Bill Beament recent podcast appearance on The Hole Truth on 10th Feb.

https://www.youtube.com/watch?v=9DM_esOeZw0&list=PLI4sZkSfEpPi_u7OrD7lQ-tZHbdy6EhCC&index=1

Spotify: The Hole Truth - Bill Beament - Develop Taste Production and Cashflow (ASX:DVP)


Maybe I would be promoting my company just as hard if I had $133m invested too. Two key take aways;

  1. Close to selling 20% of Woodlawn; started the process late last year and one party has already had two site visits with multiple in the data room currently. The plan is to then recycle the capital back into Sulphur Springs.
  2. Multiple site visits by various fund managers with positive feedback indicating there may be a stock price re-rate as production ramps up and as coverage increases.


As someone with little mining experience, the over promotional nature of Bill makes me a bit skeptical and want to sit on the fence.

On the other hand you have Bill's track record, $133m (18.5%) share holding and claims the first 3 years of the Woodlawn project has $425m-$450m of FCF at current spot prices with a current market cap of $720m.

More research required but interesting to see how this plays out in the next 6-12 months...