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Baker Steel Resources Trust

Baker Steel's new coal royalty should provide 'long-term and significant cash flow'

Mining Capital's Alastair Ford discusses Baker Steel Resources Trust LTD's (LON:BSRT) move to acquire a 0.75% gross revenue royalty on future coal production from the Wilton and Fairhill projects in Queensland, Australia.

The consideration is A$6mln.

For an additional A$2mln, Baker Steel can also acquire an additional 0.25% once production reaches 2mln tonnes.

Quick facts: Baker Steel Resources Trust

Price: £0.52

Market: LSE
Market Cap: £55.81 m
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Baker Steel Resources Trust - Mining Capital May 2019

Baker Steel Resources Trust PLC's (LON:BSRT) Trevor Steel presents to investors at the May Mining Capital Conference in London. For more information visit: www.bakersteelcap.com/en/baker-steel-funds/

on 9/5/19

2 min read