BML 5.26% 9.0¢ boab metals limited

Ann: Accommodation Camp Secured for Sorby Hills, page-18

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  1. 2,354 Posts.
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    Hey @speculator101 how long you been on board here? dont recall seeing you here before but as you know I whole heartedly appreciate your input over on our recently producing goldie, so look forward to your input here also. What made you jump in here?

    Re the camp, yes as @Bails27 and other have said, company is proceeding along the path "we will be mining". This follows previous announcements about pushing forward with early works. I am starting to get the feeling that comments in the recent interview "... DFS ... still a bit to be done" is more a safety mechanism than a reality, and provides an opportunity for management to over deliver.

    Whilst a prudent use of cash, horizon to CR now tightened up with this transaction. 6mil at June - announced drill campaign ~1-1.5M - new camp 1.3M - normal ongoing admin/mgt costs.
 
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9.0¢
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