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
(20min delay)
|
|||||
Last
12.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $24.07M |
Open | High | Low | Value | Volume |
11.5¢ | 12.0¢ | 11.5¢ | $84.21K | 725.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 75978 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 107986 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8978 | 0.115 |
8 | 363659 | 0.110 |
7 | 495000 | 0.105 |
21 | 578549 | 0.100 |
1 | 100000 | 0.099 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 107986 | 1 |
0.130 | 47916 | 1 |
0.135 | 14300 | 1 |
0.140 | 160546 | 2 |
0.145 | 30000 | 1 |
Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
|
|||||
Last
12.0¢ |
  |
Change
0.000 ( 0.00 %) |
|||
Open | High | Low | Volume | ||
11.5¢ | 12.0¢ | 11.0¢ | 571628 | ||
Last updated 15.39pm 24/05/2024 ? |
Featured News
BML (ASX) Chart |