BML

6.98%

9.2¢ boab metals limited

BML Chart, page-8

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PhillW

3,033 Posts.

1156

18/06/21

16:38

Post #: 53930794
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Originally posted by PhillW: ↑

Well Blind Freddy can deduce that the current sell off in gold was engineered to allow the gold cartel one last chance to cover prior to Basel III implementation on June 28th.

Now technically, if BML can close above and stay above 45c then it ushers in a new trading range of 45c to 55c. Todays close on a weekly basis if it is 45.5c or higher would be extremely bullish!

I follow a few analyst that have a few methods of valuing PM stocks etc. One of the methods is value stocks on the gold/silver equivalent basis and the other for those companies that have conducted a feasibility study is to value the company at 40% of the projected NPV @ 5% discount. Using this valuation and noting that BML are using an 8% discount for their NPV and stage 5 drilling is expected to increase the resource, increase the size of the mill etc which should equate to a higher NPV.

So BML have an NPV of $303M @ 8% discount. Using the above formula then fair value for BML would be $120M @ 8% discount or around 80c per share which coincides with its prior high in 2020 on a post consolidation basis. I fully expect BML to trade at this level in 2021 with the caveat that silver and gold continue with their uptrends.

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Well today's action on the weekly chart shows BML has broken out of a falling wedge. Measured target from the breakout is 78.5c. Today's close on a weekly basis is the highest close since January 18th.

BML Price at posting: 47.5¢ Sentiment: Hold Disclosure: Held
24 Upvote

3 Great analysis

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(20min delay)
Last 9.2¢		Change 0.006(6.98%)		Mkt cap ! $21.47M

Open	High	Low	Value	Volume
9.0¢	9.6¢	9.0¢	$29.77K	317.6K

Buyers (Bids)

No.	Vol.	Price($)
2	66385	9.2¢

Sellers (Offers)

Price($)	Vol.	No.
9.6¢	81299	2

View Market Depth

No.	Vol.	Price($)
1	49999	0.092
1	11494	0.087
2	150000	0.085
1	11500	0.084
2	65000	0.083

Price($)	Vol.	No.
0.096	81299	2
0.099	63405	2
0.100	7754	2
0.105	79800	3
0.110	555422	7

Last trade - 15.28pm 13/09/2024 (20 minute delay)

BML (ASX) Chart

BML Chart, page-8

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Vulcan appoints investment bank and M&A veteran to board

Utah authorities sign off on Anson's lithium extraction plans at Green River

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

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Buyers (Bids)

Sellers (Offers)

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BML Chart, page-8

Top Stories

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Vulcan appoints investment bank and M&A veteran to board

Utah authorities sign off on Anson's lithium extraction plans at Green River

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News