You are correct @Dratoz.
BML in Sorby Hills interestingly has a higher grade of Measured Ag at 43 g/t compared to SVL at 40 g/t, and higher grades of Ag overall. Its just that SVL has way more Ag in total and comparatively little in the way of other metals and has a different economic profile.
BML has high grades of Ag and a highly economic concentration of Pb. That means all the mining costs (Capex and Opex) are covered by the Pb revenue and all the SILVER IS MINED FOR FREE. It is not dependent on a high silver price to start mining. The punters have not cottoned on to this yet.
BML Resource table from last Investor Presentation.
SVL Resources from recent MRE announcement.
Don't forget that BML has an extra 13 Million ounces of Ag in its Manbarrum holding too.
BML Chart, page-1407
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Last
14.5¢ |
Change
0.005(3.57%) |
Mkt cap ! $33.84M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.0¢ | 14.5¢ | $11.80K | 80.16K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 92928 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 21999 | 1 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| BML (ASX) Chart |