BML 3.30% 8.8¢ boab metals limited

My guess is the increase in resource size will also allow the...

  1. 33,715 Posts.
    lightbulb Created with Sketch. 1791
    My guess is the increase in resource size will also allow the company to be more selective in what and where they mine ,
    In the investor presentation at the time of the AGM it inferred only a 3.1% Pb recovered grade (249ktPb/8Mt) for life of mine (LOM) , and even with that they had an over 60% IRR.

    Logically as the cut off goes up the recovered grade also goes up .
    SO if they kept only an 8MT LOM it stands to reason they can pick the eyes out of the resource for even a higher grade which will result in an even higher IRR and also higher NPV over the 8 years.
    We really are in the front row seat for going for a very high grade small tonnage mine or alternatively joint venturing for a much larger 36MT LOM mine , going to be very interesting to see how the DFS comes out
 
watchlist Created with Sketch. Add BML (ASX) to my watchlist
(20min delay)
Last
8.8¢
Change
-0.003(3.30%)
Mkt cap ! $20.53M
Open High Low Value Volume
8.8¢ 8.8¢ 8.6¢ $17.53K 201.5K

Buyers (Bids)

No. Vol. Price($)
1 100000 8.7¢
 

Sellers (Offers)

Price($) Vol. No.
8.8¢ 57960 1
View Market Depth
Last trade - 13.45pm 07/08/2024 (20 minute delay) ?
BML (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.