46.4 is the all time high in 2011. It has since pulled back to...

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freshinvestor93

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08/04/24

09:47

Post #: 73233762
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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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46.4 is the all time high in 2011. It has since pulled back to around the 27.2 USD level (41.3AUD). Please avoid unnecessary or incorrect ramping. Thankyou.

BML Price at posting: 16.0¢ Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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