Silver price looks strong. Everyone agrees- however they took the liberty if you read the DFS of baking that into their projections AND lead price is still drives most of the value in this project which is still below the pricing they used in the DFS.
If you combine the FX sensitivity which they forecast at .068 in the next couple of years- the project gets very risky quickly.
there is a sugar high based on the new research and silver price but read the DFS in detail. If you think AUD/USD will be sub .70 in the coming years and silver will trade at $30 and lead will hit $2,286 then yes this is a great risk/reward play. BUT with credit crunches abound and the other risks on the table, I wouldn't be too greedy. I see it dipping back to 19 in the next weeks but as a shareholder- happy to be wrong!!!
Ann: Response to ASX Price Query, page-40
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Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $26.84M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 11.5¢ | $70.11K | 588.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 349999 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 160260 | 3 |
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| Last trade - 16.10pm 10/06/2024 (20 minute delay) ? |
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Last
11.5¢ |
Change
-0.005 ( 4.17 %) |
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| Open | High | Low | Volume | ||
| 11.5¢ | 12.0¢ | 11.5¢ | 533406 | ||
| Last updated 15.58pm 10/06/2024 ? | |||||
| BML (ASX) Chart |