So this is the crux of the project proposition.
- The lead price that underpins the DFS is an average of US$ 2260/t through to '27.
- Silver is an add on and while it improves the business case, is a secondary consideration. Its primarily a Lead project (obviously).
- The Lead price has been ranging between US$ 1600 - 2700 /t for 13 years. Pretty stable supply and demand!
- Its ascending trend line from 2020 appears to be breaking down at ~ US$ 2046/t.
- According to leads history, there's a reasonable chance the technical break continue down to at least major support at US$ 1907/t.
- If it breaks up, there significant monthly / weekly resistance around US$ 2200/t and still below the DFS numbers.
- The FED is juicing the market leading into the '24 election cycle using the TGA and reverse Repo facility. That is a potential poor GDP setup for post '24 and therefore for commodities - not that they aren't under performing now.
Based on the above, the potential outlook using the established DFS numbers, do we think finance is closer than it was 1 year ago? I don't know what the business case looks like with a lower DFS number, but if the financiers don't like it at $2260, they won't like it as a lower price.
Perhaps someone has another positive outlook, which needs articulation.![]()
- Forums
- ASX - By Stock
- Ann: Investor Presentation
So this is the crux of the project proposition.The lead price...
-
- There are more pages in this discussion • 73 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BML (ASX) to my watchlist
|
|||||
Last
9.0¢ |
Change
-0.003(3.23%) |
Mkt cap ! $21.00M |
Open | High | Low | Value | Volume |
9.3¢ | 9.3¢ | 9.0¢ | $13.25K | 146.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4790 | 9.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.2¢ | 127328 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4790 | 0.090 |
2 | 110000 | 0.089 |
2 | 31363 | 0.088 |
1 | 3501 | 0.087 |
2 | 100000 | 0.086 |
Price($) | Vol. | No. |
---|---|---|
0.092 | 127328 | 2 |
0.093 | 20000 | 1 |
0.094 | 250000 | 1 |
0.095 | 9607 | 1 |
0.097 | 25177 | 1 |
Last trade - 15.12pm 27/06/2024 (20 minute delay) ? |
Featured News
BML (ASX) Chart |