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2.94%

52.5¢ sun silver limited

Largest silver play ASX, page-27

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Verily1

13,410 Posts.

2518

15/05/24

12:04

Post #: 73833658
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Originally posted by redrun: ↑

Unfortunately I think your basic assumption on leverage to the silver price is flawed. You are saying that because so much of BML's value comes from by products i.e. lead, that this makes it more leveraged to the silver price where in fact the opposite is true (this actually makes it less leveraged to the silver price).

This is demonstrated by PhillW in his thread on MMA (resource comparison thread) where he demonstrates that in fact BML is the least leveraged to the silver price. He correctly points out in fact that it is IVR which is the most leveraged to an increasing silver price.

I will point out one error in his assumptions though. Whilst he assumes that IVR's resource is 87% silver (which may be true on the face of it), he fails to recognise that the PFS did not take any lead by product into consideration and was based purely on the recovery of silver. Therefore it is even more leveraged than he assumes as 100% of the return in the PFS is from silver.

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See the detailed analysis of mining analyst goldbear77 on the BML thread who explains very well.

Last edited by Verily1: 15/05/24

SS1 Price at posting: 41.5¢ Sentiment: Buy Disclosure: Not Held
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(20min delay)
Last 52.5¢		Change 0.015(2.94%)		Mkt cap ! $37.97M

Open	High	Low	Value	Volume
53.0¢	55.5¢	52.5¢	$297.1K	549.7K

Buyers (Bids)

No.	Vol.	Price($)
3	70688	52.0¢

Sellers (Offers)

Price($)	Vol.	No.
53.0¢	6100	2

View Market Depth

No.	Vol.	Price($)
2	8300	0.530
4	38840	0.525
2	54628	0.520
3	29819	0.515
4	120471	0.510

Price($)	Vol.	No.
0.535	15828	3
0.545	17292	1
0.550	27315	2
0.555	2828	3
0.560	65100	4

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