Belo sun mining squeeze
so it looks like bharti took a big ol' s.hit on one of his companies.. to be honest though, I'm not too worried. Belosun's Npv is only like $665m after tax. They're a mini company and they're doing well. The type that f&m kills (because they can make more money milking it to death than running it properly I guess). Bki has somewhere in the vicinity of a $3bn npv at current iron ore prices. It's a baby mammoth. They'll make way more off bki running it properly than they would squeezing it to death. I don't actually think they could squeeze bki to death once it's alive and well, given the planned financials. Plus, they don't seem to be squeezing too hard before it gets on it's feet, so I feel confident that they want to see it built too. https://www.belosun.com/volta_grande/feasibility_study_results/