Look at it another way. BML can hedge its Pb revenue to satisfy the bankers need for security and leave 100% of silver revenue unhedged and free to participate in 100% of silver price upside.
Silver only miners will need to hedge a material portion of their silver revenue to satisfy the bankers, meaning a material portion of the silver revenue is capped and not fully participating in the upside.
Look at it another way. BML can hedge its Pb revenue to satisfy...
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Last
57.0¢ |
Change
0.005(0.88%) |
Mkt cap ! $39.71M | |||
| Open | High | Low | Value | Volume |
| 57.5¢ | 58.5¢ | 56.0¢ | $290.0K | 505.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 87500 | 55.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 57.0¢ | 24126 | 2 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
57.0¢ |
Change
0.005 ( 1.79 %) |
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| Open | High | Low | Volume | ||
| 57.5¢ | 58.5¢ | 56.0¢ | 215637 | ||
| Last updated 15.24pm 04/06/2024 ? | |||||
| SS1 (ASX) Chart |