Go Lead (Pb), leave 'em for dead., page-32

Lead is back above $2000, representing a gain of +A$40m for Pb apportioned NPV. Lead is still ~-11% down from 5 year averaged DFS price assumptions, at -$A130m NPV. A casual reminder that Pb is projected to bring in 250% more revenue than silver, and it is notably more sensitive to price fluctuations. For the hype-obsessed, if lead shoots up to $2712 USD/t (+20% increase from DFS), NPV for Pb will land at $A600m. If sustained, LOM revenue from Pb alone would fall around the A$2.6b mark. Unfortunately, LME has indicated there is an oversupply glut for lead which will provide headwinds until demand picks up. Lead needs backing for Boab to secure competitive funding and to have its SP re-rate.