New video out from Chen Lin who is presenting at the Metals Investor Forum talking about China, he has a very interesting comment about lead at 8.22 "Recent policy changes in e-bike and e-scooter may sharply increase demand for lead" He mentions a new advanced lead based battery and is basically hinting that lead may be a good commodity to own.
If we are at the start of a bullish period for lead this would be incredibly bullish for Boab Metals which combined with a silver bull market seemingly unleashing today provides a double whammy for this developer with a very advanced stage project in Western Australia where the lead covers all the costs of mining and they will be producing 2 million ounces of silver per year for free and if you add on top a bullish lead price as well the potential for Boab Metals is explosive, particularly with their extremely bullish announcement on Monday where they now have the option to go to 100% ownership of Sorby Hills, perfect timing with silver breaking out and lead possibly on the verge of a bull market if Chen Lin is correct.
The silver price having a big rise overnight and dragging commodities with it including lead appears to have been sparked by China unveiling major stimulus measures to support its economy last night.
BML Price at posting:
9.6¢ Sentiment: Buy Disclosure: Held
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(20min delay)