for their 75% JV portion of $264m in capex being $198m and 60% gearing implies they'll need to raise around $80m + say 10% contingency. It's good imo that FID is delayed into the latter part of 2024 as BML share price typically follows silver spot price, they'll then be raising capital at potentially 0.50c not 0.10c. When I run my spreadsheet I expect SOI to at least double from here (at this stage). Spot NPV will be higher again into FID.
Ann: Sorby Hills FEED Study Results, page-12
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $24.50M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 11.0¢ | 10.0¢ | $53.89K | 508.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 624794 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 31998 | 1 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| BML (ASX) Chart |