on Sept 2 2020 G Comb purchased $60000 worth of shares in the SPP. Our immediate peer Galena had a recent MD who was selling shares hand over fist, our directors at BML aren't selling!
The port we will be shipping from is the closest port in Australia to China which certainly helps with shipping costs.
Phase 4 and particularly Phase 5 drilling is all about increasing reserves in the DFS.
Currently reserves are only 1/3 of the resource we have and every time we drill we are increasing the certainty of the resource in measured and indicated categories and just need further infill to add to reserves, every drill campaign has been successful so no worries whatsoever about there being more than 10 years worth of mine life, that is without even taking Manbarrum into consideration.
Sorby Hills is a low cost operation and IRR of 46% on PFS provides plenty of cushion.
With endless money printing and rocketing inflation rates the outlook for precious metals and commodities is very good.
Market sentiment in precious metals very gloomy currently and voices of doom abound and they are hoping the share price will fall so they can pick up more cheap shares.
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