BOAB Metals - Institutional Scale, Investment Grade, Money Making Machine

While we eagerly await the latest drilling, metallurgical results and the updated MRE, where we could have an increase of upwards of 25-30% in our global resources, I have updated my charts that show, using the commodity and share prices as of today, how Boab Metals (BML) is placed alongside its Ausralian listed Ag peers and some selected overseas listed Ag companies.

BML is currently trading at AUD $0.14 per Ag Eq Ounce. That is USD 10c per Ag Eq ounce.


Apart from MKR which is already producing from tailings, BML is the developer most likely to start mining first in this commodity bull cycle. It is perfectly positioned to take advantage of the coming high commodity prices.

Its main project Sorby Hills is outstandingly economic because of its base metal Pb content and all the Ag (Silver) is mined for FREE. This aspect is very important as the project can charge ahead to DFS completion (for which it is fully funded) and financing without needing to wait for the Ag price to increase. There's no stalling this project.

At historical prices Sorby Hills is expected to generate $127 Million EBITDA in each of years 1 and 2 and $75M per annum in EBITDA over its ten year life. Payback is 1.6 years. This is on a base case optimised PFS with a 1.5 M tonne pa production mine, however, the current DFS process looks set to increase the mining throughput materially and extend the mine life.
Sorby Hills is the most heavily de-risked of its Australian peers too. Having 92% of its mining inventory in Reserves, all needed government approvals, including environmentals, and a competitive financing and offtake process currently underway.

The company has massive exploration upside with Sorby Hills and the adjacent and recently acquired lease of Eight Mile Creek. In addition, the recent acquisition of Manbarrum has added significant Zn rich and Ag resources and very significant exploration upside. The recent map of the new main roads to the site demonstrates the potential.

BML is an Institutional Scale, Investment Grade, Money Making Machine.


The total Resources of BML are presently -





The latest Investor presentation can be found here - https://hotcopper.com.au/threads/ann-investor-presentation.6197759/
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