Blackstone Resources reaffirmed BUY rating CHF 2.61 by AlphaValue

BAAR, Switzerland--()--Blackstone Resources AG (SWX: BLS) is pleased to announce that AlphaValue has reaffirmed its BUY recommendation for Blackstone Resources, which the company received in January 2020.

AlphaValue has applied a target price of CHF 2.61 per share to its latest BUY recommendation. This reflects the economic backdrop created by the recent Coronavirus pandemic. It also incorporates the successful sale of Blackstone’s exploration interests in Norway for CHF 22 million.

A number of observations were made in its recent update. The Coronavirus pandemic has given Blackstone Resources valuable time to develop scalable and energy-efficient batteries. It also noted that the materially lower battery prices for key battery metals, could provide Blackstone Resources with a level playing field versus larger investors. It also noted that Blackstone can benefit from the panic-driven gold price through its Peruvian gold mill as cash flows are expected in the near future.

AlphaValue is an independent equity research house that covers over 470 European stocks, split between 32 seasoned analysts. The report is readily downloadable from Blackstone Resources’ website and can be accessed here. It can also be found on AlphaValue’s website or on Bloomberg’s research portal.

Blackstone Resources AG

Blackstone Resources is a Swiss Holding Company, with its legal domicile in Baar, Kanton Zug and is concentrating on the battery metals market as primary metals. In addition, it sets up, develops and manages refineries used for gold and battery metals. It offers direct exposure to the battery metal revolution that is being driven by the demand of electric vehicles that need vast quantities of these metals. These include cobalt, manganese, molybdenum, graphite and lithium. In addition, Blackstone Resources has started a research programme on new battery technologies.

For more information please visit www.blackstoneresources.ch.

The disclaimer is an integral part of this press release.

Please ensure you consult the disclaimer for a full understanding of the content within: http://www.blackstoneresources.ch/about-us/disclaimer-press-release/

Contacts

Blackstone Resources AG
Doris Suta
Blegistrasse 5
CH-6340 Baar
Switzerland
T: +41 41 449 61 63
F: +41 41 449 61 69
info@blackstoneresources.ch

Investor Relations
ir@blackstoneresources.ch

Media Enquires
media@blackstoneresources.ch

Release Summary

AlphaValue is an independent equity research house that covers over 470 European stocks, split between 32 seasoned analysts

Social Media Profiles

Contacts

Blackstone Resources AG
Doris Suta
Blegistrasse 5
CH-6340 Baar
Switzerland
T: +41 41 449 61 63
F: +41 41 449 61 69
info@blackstoneresources.ch

Investor Relations
ir@blackstoneresources.ch

Media Enquires
media@blackstoneresources.ch