BML 4.76% 10.0¢ boab metals limited

Ann: Quarterly Activities and Cashflow Report, page-13

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  1. 34,156 Posts.
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    I have held this for several years and in the last six months bought into G1A both are Australian lead hopefuls , G1A about 80% higher capitalised value .
    G1A is financed and has started construction , the nature of the mineralisation means probably more potential for G1A to get a bigger resource than this
    Given the potential dilution of this prior to getting into production Guess they will need at least 100M in finance plus equity of a similar level , I feel G1A offers more potential return per share , welcome to call me a troll to however to me this also is more a hold than a buy currently
    Management here are first class great geos to , I bought in as knew the ground quite well as it was part of KBLs assets when run by Jim Wall , but was beyond his capacity to add value to it
 
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