All these interminable delays end up with a listing in 10 days...

All these interminable delays end up with a listing in 10 days time just after Sivler broke out to its highest price since 2011 last night






and monthly




BHM will be around $90m cap on the list price

It will produce 70 - 80kt pa zinc / lead with silver 2 - 3m oz pa over several decades, and will provide Broken Hill with a guaranteed lifeline

Resource sits at 10.5mt @ 9.5% Zn Eq with further exploration upside

The Rasp mine has sunk costs of $500m put in over the last 13 years, the mill is over engineered by the former owners Toho Zinc
It is currently running at 40% capacity from the lower grade West Load
It will be fed by the higher grade Main Load and ore from Pinnacles 15km up the road to bring it closer to 100% capacity

Particularly exciting here imo is the nearby Pinnacles mine - 70% owned - which has been operated by the Williams Family and will retain 30%
Over 50,000m of drilling has been done and never released and never drilled below 100m
Currently resource sits at 6mt @ 12% Zn Eq
1000m data released was 100gpt+ Ag and 30%+ Zn Eq
Grades there reach into 300gpt Ag range
Open Pit operation at scale there is feasible

Prof Ian Plimer is the world expert of geology at Broken Hill is of the opinion that deeper drilling at Pinnacles will find mineralization extending at depth

Broken Hill is the largest Silver Lead Zinc resource the planet has ever seen

POL has had a great run was also acquired off Toho

Will be interesting to see the allocation as it was 3x oversubscribed but nevertheless an exciting IPO is nearly trading