Directors buying shares, page-200

Hi @pete11

You make money on an investment when you buy right and based on current share prices you pay $0.75 cents per ounce of silver for BML compared to $1.42 per ounce of silver for SVL, $1.87 per ounce of silver for IVR and $1.06 per ounce of silver for ARD. (see chart below)

Because of BML's Lead content which covers all of the capital cost and the operational costs, all of the silver is mined for free. BML does not have to wait for the silver price to be above US $40 sustainably to secure funding and start mining.

BML is expected to start mining at Sorby Hills in 2023 with a 2 Million Tonne processing capacity producing 2 Million ounces of silver per annum for at least the intial mine life of 10 - 12 years. And we all know of the massive exploration upside on top of that at Manbarrum and Eight Mile Creek, which can add to throughput and mine life.

The investment rationale is rock solid and the price of entry is the best of these four comparables.

Best

V