Thank you @touquoy I just came across this table in the Investor Report of Abra Silver. Their main project is similar in size of Ag Eq at 140M ounces compared to BOAB's 75% share of 127 M ounces and similar but less advanced in its development time frame and is yet to produce a PFS. It is fully funded to FID, no mention when that might be.
It has Ag Au and BOAB has Pb Ag and similar NPV, based on some preliminary economics.
The Market in Canada and the US seems to be valuing their Ag developers much higher. Abra's is at $0.88 USD per Ag Eq ounce, and it is under-rated relative to its peers. BOAB is $0.30 USD per Ag Eq Ounce.
Interesting the peer average is $1.36 USD per Ag Eq ounce or $1.77 AUD. If we were to use the peer average to place a "value" on BOAB, it should be $224 Million AUD of Enterprise Value. Plus cash of $14.9M that would be 239M.
Lots of re-rating opportunity there Ladies and Gents.
V
BML Price at posting:
42.0¢ Sentiment: Buy Disclosure: Held
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