I'm seeing some fantastic bullish signals for precious and base metals and presented a great group of companies poised to take advantage of these trends.
It would be interesting to have your expert thoughts on this one.
Boab Metals (BML.AX) have always had a policy of de risking the Sorby Hills project as much as possible and in their just released DFS (NPV8 $370 Million, market cap $50 Million)
Boab has very high confidence in the capital cost estimates with 75% of the costs underpinned by up-to-date tendered pricing for the Process Plant, Open Pit Mining, Early Works, Tailings, Water Storage and infrastructure which shows they know what they are doing when it comes to pleasing the potential financiers of the project.
The biggest risk is the metals prices and this story which is a primary lead with a particularly high silver grade for a lead project is progressing at a time when the silver price is looking particularly promising and lead has just been added to the Bloomberg Commodities Index and all base metals are in short supply on the LME with China just about to open up so interesting times.
Hi Allan
New subscriber to your sub stack.
Have you heard of Boab Metals ?
It would be interesting to have your expert thoughts on this one.
Boab Metals (BML.AX) have always had a policy of de risking the Sorby Hills project as much as possible and in their just released DFS (NPV8 $370 Million, market cap $50 Million)
Boab has very high confidence in the capital cost estimates with 75% of the costs underpinned by up-to-date tendered pricing for the Process Plant, Open Pit Mining, Early Works, Tailings, Water Storage and infrastructure which shows they know what they are doing when it comes to pleasing the potential financiers of the project.
The biggest risk is the metals prices and this story which is a primary lead with a particularly high silver grade for a lead project is progressing at a time when the silver price is looking particularly promising and lead has just been added to the Bloomberg Commodities Index and all base metals are in short supply on the LME with China just about to open up so interesting times.
Regards
Brent