2017 AGM Presentation
2017 AGM Presentation
Sydney, Dec 21, 2017 AEST (ABN Newswire) - Broken Hill Prospecting Ltd (ASX:BPL) provides the Company's 2017 AGM Presentation.

2017 Annual General Meeting

- Asset Monetisation Success

- Thackaringa - Cobalt

- Thackaringa - Base Metals

- Murray Basin - Mineral Sands

- BPL Value Proposition

- Crystal Ball 2018 Re-rate

Asset Monetisation Success

- Cobalt Blue (ASX:COB) (COB) Spin-Off (Jan 2017) - delivered $8.1M to BPL shareholders via inspecie distribution. Now valued at +$30M for those who retained COB equity.

- Divestment of non-core, low priority mineral sands assets for $3.1M cash injection to BPL (July 2017)

- If notional value of COB shares (at today's price) are bought to measure with BPL's current market cap of $8.1M, value at hand is +$38.2M, equating to notional BPL shareprice of +25.8cps.

- Significant corporate value-add transactions delivered during 2017

- Demonstrates the BPL teams' strong corporate skills, which augment the technical talent within the group

BPL Value Proposition

- BPL delivered +$30M in equity based valueadd in 2017 (COB spin off and in-specie) and $3.1M in cash value-add to BPL (non-core mineral sand divestment)

- BPL is fundamentally under-valued at present with a market cap of $8.2M which significantly undervalues diversified portfolio

- Board & management hold circa. 35% of BPL shares which represents a major incentive for continued corporate success.

- Good technical work on the projects will underpin share price performance during 2018...

- ... with an increased focus on marketing and public relations to ensure our successes are known and understood

- A flexible approach to value-adding will be adopted, including asset development, trade sale, spin-off and in-specie distribution

To view the full presentation, please visit:
http://abnnewswire.net/lnk/275ZA79M


About Broken Hill Prospecting Ltd

Broken Hill Prospecting LtdBroken Hill Prospecting Ltd (ASX:BPL) is an Australian exploration company focussed on the discovery and development of strategic mineral resources across two primary geographical areas; the Murray Basin Region (Heavy Mineral Sands) and the Broken Hill Region (industrial, base and precious metals, including the Thackaringa Cobalt & Base/Precious Metal Project).

  


Contact

Broken Hill Prospecting Ltd
Trangie Johnston, CEO
T: +61-2-9238-1170
WWW: www.bhpl.biz



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