Taking on-board the Norwegian disposal and near-term market headwinds (Blackstone Resources)

Taking on-board the Norwegian disposal and near-term market headwinds
EPS CHANGE
CHANGE IN EPS
2020 : CHF 0.56 vs 0.05 +934%
2021 : CHF 0.50 vs 0.63 -19.9%

While prevalent macro headwinds result in the normalisation of our earnings estimates, 2020 should nevertheless benefit via the (non-cash) gain (CHF22m) on the disposal of the Norwegian rare earth metal asset.