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9.2¢ boab metals limited

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Watchfulbull

2,340 Posts.

1173

10/06/22

18:57

Post #: 61949149
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Originally posted by smartdude: ↑

I had a look at the history of Sorby Hills today under KBL. The project has always been classified as low risk and fast payback due to the mining being shallow and with a low strip ratio. Henan Yuguang earned its 25% project stake by contributing $5m. I also read that HY was keen to take all of the Sorby Hills off-take which would necessitate HY arranging the project finance.

Fast forward 10 years and the project has significantly improved, the resource has expanded materially, and the product supply is tight. I am not sure how much appetite HY has for the entire Sorby Hills output but I suspect that if the appetite was high in a weaker market of a decade ago that at the moment it would be very keen to secure supply.

Expand

reading all the announcements over time and adding to that that my own inferences from communication with mgt it is my personal opinion that HY really do want 100% offtake. It is high quality product. I believe the only thing stopping that is mgt desire to have some diversification in this regard but who knows where it will land.

BML lucky to have these options.

AIMHO

BML Price at posting: 23.5¢ Sentiment: Buy Disclosure: Held
15 Upvote

0 Great analysis

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(20min delay)
Last 9.2¢		Change 0.001(1.10%)		Mkt cap ! $21.47M

Open	High	Low	Value	Volume
9.2¢	9.2¢	9.2¢	$9	100

Buyers (Bids)

No.	Vol.	Price($)
1	16483	9.1¢

Sellers (Offers)

Price($)	Vol.	No.
9.2¢	52400	2

View Market Depth

No.	Vol.	Price($)
1	16483	0.091
4	189683	0.090
2	81000	0.087
1	50000	0.086
1	6470	0.085

Price($)	Vol.	No.
0.092	52400	2
0.095	50000	1
0.100	23124	2
0.105	115380	2
0.110	421552	3

Last trade - 13.34pm 29/07/2024 (20 minute delay)

BML (ASX) Chart