interesting. great project but the ceo really got outboxed by...

interesting. great project but the ceo really got outboxed by that uhnw.

really shouldnt be listed anymore imo - the inside baseball on that one would make your head spin

as for silver and gold picks.. tks. i think mma/rdm may prove v interesting if they can prove up the near surface thesis. its a natural for block caving later but thats a big lift/ takeover or jv required. but if they can prove up near surface entry model... game changer

bml for me is still what I said 3 years ago. i dont think its going to be more than what it is. But what it is can be v good in an Aussie context

financially the combination of lead and silver in the proportions BML proposes to produce would equate to it being almost like a gold revenue stream from an income volatility standpoint. they could hedge a portion of the lead - which has low alpha anyway = allow the silver to float - where ivr and svl will have to hedge silver to remove the ops negative cashflow risk (personally i suspect both are more likely to end up as takeovers)

whether theyll do so is another question - bc offtaker smelters will always try to take the silver fraction

still - for now - thats several bridges further down the line and it remains simply a beta market play unless they start recruiting better market participation