BML

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8.1¢ boab metals limited

Ann: Assays Confirm Drilling Success at Sorby Hills, page-33

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matie001

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25/08/21

12:48

Post #: 55558588
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Originally posted by goldbear77: ↑

imo some posters continue to not hear what I'd outlined several months back and are looking at it with misaligned expectations

this is a lead deposit with unusually high % silver credits as likely % of revenue - possibly zinc also

the centre of the main lenses where these metallic liquid flows pooled typically hold the higher AG values - the peripheral mineralisation generally will hold higher Pb values low AG. But there are a few things going on here geologically - so that's just the base case

the primary reason to buy it isnt for individual high grade AG shoots/drill hits - but for its near surface, highly economic, low risk framework with AG price upside

its a project with superior probability of commercialisation vs some of the 'AG bait trade' stocks that require much higher AG prices simply to do commercial studies let alone make a decision to mine - because AG has history of sharp price falls. IVR or TMZ would need $50 aud silver just to put out serious studies - because they are entirely AG reliant and AG can go AUD 25 to 50 to 25 inside 12 months, historically speaking

when you have to plan mine returns around 7+ years - its the long tail reversion risk toward the end that often kills mine profits, boards and shareholders - not the short term spot stag prices from a 1-3 year bull silver market that on-market traders focus on

in particular its the near surface long continuous intervals of net good mineral value/tonne that make Sorby Hills a low risk to commercialise

- it should be more akin to mining with a hoover rather than a fine tooth comb

and that makes it a much higher chance to catch producer multiples from any silver price upside without the tail reversion risk - which is when I would expect to see some serious SP upside vs current investment levels

this is why I said its primarily a sophisticated cashflow oriented and institutional investor story

but the flipside is its not going to attract 'whydfml' trading PM money on drilling. not that there's much around at present

hence bml running sideways along the road while IVR peeled down ~40%.

= catalysts on the stock are primarily strategic, not drill bit

to that point - I imagine you wont hear too much on NAIF until the DFS is produced. NAIF requires the final dimensions drawn to make a determination.

I think the NAIF outcome highly prospective as a result

Hope that helps

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Goldbear! A blast from the Past! It's been a while, so was good to see your post on the BML thread. Your input/observations/analysis/foresight were always appreciated, at least by me, and your absence is missed!. Come back more often mate.

Last edited by matie001: 25/08/21

BML Price at posting: 38.5¢ Sentiment: Hold Disclosure: Held
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Ann: Assays Confirm Drilling Success at Sorby Hills, page-33

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