Boab Metals share price has been hammered despite the fact Sorby Hills stacks up well at today's metal prices and exchange rate and looking ahead to 2025 metals demand is likely to exceed supply for many metals including silver, lead, copper, zinc etc.
The finance is the stumbling block as in the level of detail and confidence they have to give to satisfy potential financiers who are pretty risk adverse at the moment and this process takes time and investors are assuming extra time equates to an insurmountable problem so they are throwing the baby out with the bathwater and selling at lows when imo the opportunity is to grow balls of steel and see the big picture of what is possible when they obtain finance to build Sorby Hills.
It is always darkest before the dawn and Sorby Hills is very likely to be financed but we don't know when so this presents an opportunity if you have the fortitude to buy when the frustrated are selling.
Offtakes are ready to go but they are waiting to see how they fit in with all the other financing before they pull the trigger on those so plenty of catalysts to come but you will need balls of steel as the price could always go lower before the catalysts are delivered but when they are the price could jump very quickly so you would want to have your position established before then.
DYOR
BML Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
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