Shaw and Partnersrates BML asBuy(1) -
Boab Metals has continued its development of the Sorby Hills lead-silver project over the December quarter, extending its drilling program including drilling into the Keep seismic target where lead and zinc intercepts were encountered.
The successful drilling of Keep opens up new exploration targets for the company, according to Shaw and Partners. An optimised front-end engineering and design study is expected to be released in the second quarter of 2024.
Shaw and Partners notes the demand outlook for lead is robust and silver demand is outstripping supply.
The Buy rating and target price of 52 cents are retained.
Target price is$0.52Current Price is$0.14Difference:$0.38
IfBMLmeets the Shaw and Partners target it will return approximately271%(excluding dividends, fees and charges).The company's fiscal year ends in June.
Forecast for FY24:
Shaw and Partners forecasts a full yearFY24dividend of0.00cents and EPS ofminus 0.90cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) isminus 15.56.Forecast for FY25:
Shaw and Partners forecasts a full yearFY25dividend of0.00cents and EPS of8.20cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is1.71.
Ann: Quarterly Activities / Appendix 5B Cashflow Report, page-18
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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 |
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| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 11.5¢ | 12.0¢ | 11.0¢ | 571628 | ||
| Last updated 15.39pm 24/05/2024 ? | |||||
| BML (ASX) Chart |