BMN 0.54% $3.70 bannerman energy ltd

Well the pfs was extremely bad and adjusting for $50 spot it was...

  1. 4,807 Posts.
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    Well the pfs was extremely bad and adjusting for $50 spot it was a losing ~100m cash incinerator.

    Its highly likely the DFS will be even worse. $270m market cap is insanity this project is a loser and if it actually ever gets built will lose $100m based on current spot prices.

    https://hotcopper.com.au/data/attachments/4890/4890729-c066988f91eac83accd9c455884d8a6a.jpg


    https://hotcopper.com.au/data/attachments/4890/4890720-8760ed0950d76cb6a55fc64441670df6.jpg


 
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