BML 4.76% 10.0¢ boab metals limited

Ann: Quarterly Activities and Cashflow Report, page-2

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  1. 652 Posts.
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    not a downramp post -

    however sorby hills was found early 70s and still hasnt been mined.
    costs to build mine is what 150 million?
    with a 75% share of the company.
    how much profit$ are we looking per year from sorby hills?

    they are priced in for what they have. management most likely acquired new project due to sorby hills not being the project to create massive shareholder wealth.

    i think the risk vs reward in sorby hills is borderline... some people look for 10x baggers and sorby hills wont do it for me, in saying that management most likely see this also hence the new project.

    hopefully they hit some good holes and we get a raise in metal prices otherwise i think BML is currently priced in for what there worth and wont move higher unless metal prices move however all juniors will generally move.

    i do own BML but hesitant in re-investing.

    change my mind.....

    theGoldenPitbull
 
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