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Go Silver go for Gold, page-368

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Gwydaer

944 Posts.

126

08/04/24

11:23

Post #: 73236515
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Originally posted by 1for1: ↑

A massive week for Silver with huge gains, (clearly it is different this time.. not weak hobby buying).. $41.86 per ounce (ATH!) makes Sorby look delicious.

Lead rebounded strongly up $100 on the week back to $2060 per tonne (US) but most importantly $3860 per tonne in AUD - i am sure suitors are licking their lips at the prospects.

Obviously more drilling will prove up a bigger resource and uncover richer zones of all 3 silver, zinc and lead - all 3 metals to appreciate dramatically in the next year or two as price inflation catches up in the hard commodities sector.

Silver price will bring the investors for SP appreciation, the growing lead and zinc price will provide the catalyst for funding this year.. should be a great 18months for investors and management all coming together perfectly.

My $2700 US per tonne lead target seems outside the realm of likelihood today but clearly we are seeing a paradigm shift with the price as you would expect when you look around at the price inflation of soft commodities, wages etc the shift up like we are now seeing in Oil (nearly $90 US!) is inevitable!

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Lead and oil fundamentals are a completely different barrel of fish. They can't be compared.

BML Price at posting: 15.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 13.0¢		Change 0.000(0.00%)		Mkt cap ! $30.34M

Open	High	Low	Value	Volume
13.5¢	14.0¢	13.0¢	$95.45K	717.5K

Buyers (Bids)

No.	Vol.	Price($)
1	35179	13.0¢

Sellers (Offers)

Price($)	Vol.	No.
13.5¢	194051	4

View Market Depth

No.	Vol.	Price($)
1	35179	0.130
11	475347	0.125
18	345314	0.120
12	345577	0.115
7	265000	0.110

Price($)	Vol.	No.
0.135	146637	2
0.140	233101	7
0.145	441412	4
0.150	251752	9
0.155	256000	6

Last trade - 15.59pm 18/10/2024 (20 minute delay)

BML (ASX) Chart