No Boab presentation at Diggers and Dealers, page-67

Pls re read my post

i didnt equate them. I said that potential silver (and gold) revenue streams command a much higher value - and that was why adt positioned itself as a silver project even though when it was doing that in 2019 the silver was only 30% of the resource value

you have to be able to retain 2 concepts in your head when discussing this stuff

how the market acts when its a voting machine - esp. for pre cashflows the mkt has no true certainty get out of the ground, so it's about the more superficial aspects - what metal exposure does it give, grade, is the soi small, does it have discovery potential etc

how the markets acts when it's a weighing machine ie intrinsic bottom up project feasibility, operating margins vs capital intensity etc

and good mgt steers a course that recognises both

which is what adt was doing way back then

but it's always easier when you have a project that's tier 1 - adt had a very high grade polymetallic that meant instos etc for onto it quick and they can unbundle the whole project for themselves without the handholding from mgt

bml (and ard, ivr etc) isn't that. As I've said prior its a relatively small fish are sweet proposition... and only then if silver price cooperates and ofc it would help if lead rises. (But steady lead would do fine).

but the mkt doesn't care a fig about lead. Never has in 20 years.

it's ballast. It improves the economics substantially but only bc the avg value of dirt with the lead and silver is so much higher than peers

but just the fact that salami Joe can't follow these distinctions, that I have to repeat these nuances to you when it was clearly parsed in my prior post - these are all why polymetallics require a lot of skill to prosecute in the mkt

Bc most stock market participants are only used to viewing stocks through a certain prism

that's the point of those gold eq comps I provided prior - they show the intrinsic value/tonne in a way that strip's out the trader shorthand nonsense that mistakenly thinks say 88g/t silver is better than 3.5% lead + 35g/t silver - bc their 'muscle memory' training is higher grade is better - but in fact grade is just shorthand for recoverable metal value per tonne

but bc no one cares about lead and all the traders focus on silver - it's a message that needs repeating a lot to penetrate

And not by me or any HC poster.

this is all purely for the few people who follow this story closely over time

mgt are the only ones who can effect this in the mkt place