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9.1¢ boab metals limited

Ann: Quarterly Activities and Cashflow Report, page-12

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falcon347

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06/07/23

10:54

Post #: 68650141
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Originally posted by touquoy: ↑

quite a few negative comments, have you even bothered to read the quarterly or is that skill beyond your capabilities ?

Interesting comments below that indicate they will be producing more metal earlier in mine life which will enable debt to be paid of faster which sounds good to me.

Subsequent to the DFS, Boab has determined that the initial footprint of the IWL is sufficient to
support additional raises that will provide capacity for approximately 6 years of above-ground
tailings storage. The changed strategy does not materially impact pre-production capital costs
and allows for mining of the lower grade zone of the Omega South pit (which was to be completed
and used for tailings deposition from Year 5) to be replaced by higher grades of the Omega and
Norton pits in the mining schedule, thus bringing forward increased metal production and
revenue.

They are even looking at the option of having solar panels for back up power instead of diesel , would certainly earns some green brownie points if they do that.

Indicate FID is still on for Q3.

Plenty to like in this quarterly for those who can read.

Expand

It doesn't actually say fid in 3rd quarter, reread it I think we have more schedule drift

BML Price at posting: 16.5¢ Sentiment: Hold Disclosure: Held
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