Business
Coffee with Samso Episode 77 with Scott Williamson, Managing Director of Blackstone Minerals Ltd (ASX:BSX) Blackstone Minerals Limited (ASX:BSX) is now positioning itself to be part of the sector supplying the battery market. I have been a big fan of Blackstone for a very long time. Followers who have been with Samso since the beginning will know that I have been sharing their story since 2019 when they were just AUD$0.15. In fact, I have just realised that they went down to AUD$0.08 during COVID. In the early days, the story was whether they would be able to come up with good drilling results which was to be followed by the probability of a "resources". Not long after that, they would be forced to show the competency of the existing plant. In the last episode of Coffee with Samso with Scott, he mentioned the beginnings of a downstream strategy, Producing Nickel for the EV Revolution - Blackstone Minerals Ltd (ASX:BSX) . Scott Williamson outlines why their nickel products is of the highest quality. In this episode of Coffee with Samso, Scott Williamson tells us about how the company intends to make the best battery products for the industry. There is going to be a supply issue. The biggest deal breaker for the battery market is a lack of nickel sulphide concentrates. As I have mentioned before in the other Coffee with Samso, the whole business of finding more nickel metal is a forgone conclusion. The relentless results coming out from Vietnam is now boring me. It is now just a matter of time for a re-rating of the company. Would I buy Blackstone now? I have been asked many times if BSX is still a buy at the current price. My simple answer is similar to what Rick Rule mentioned in our last Coffee with Samso, (Look at 35:54 | Rick and Paladin - The story of Investing in Mineral Explorers) Commodities and Equities: Advice from Rick Rule - Episode 70 The story that Rick tells is the best answer to any investors questions of entry timing, understand the value and let that dictate your decision.