Lead: The Versatile, Valuable and Surprisingly Sustainable Powerhouse Metal, page-11

Interesting that SVL had a new MRE released for the underground component of Bowden's. An additional 12.8M oz of Ag included - well done to them. That is about the size of the silver resource of BML's Manbarrum for comparisons sake.

I have updated the relative pricing chart. BTW I believe all these silver developers are eye wateringly cheap right now.

But the prices of entry, based on Friday's share price close are on the chart. So to read it, here are examples -

• SVL entry price is AUD $1.26 per ounce of silver (Ag) and AUD $0.68 per ounce of Ag Equivalent.
• BML entry price is AUD $0.46 per ounce of silver (Ag) and AUD $0.08 per ounce of Ag Equivalent.
• RDM is the cheapest on these comparisons entry price is AUD $0.20 per ounce of silver (Ag) and AUD $0.06 per ounce of Ag Equivalent.

However, you need to take all factors into account. BML for example is the most de-risked and on target to be the first to mine in the boom. It can start mining relatively quickly because its lead content pays for all the mining costs (Capex and Opex) and all the SILVER IS MINED FOR FREE.

SVL has the biggest deposit, though relatively expensive, and has a great name, but has a low lead content so needs a materially higher silver price to get to mine. RDM owns 50% of MMA and their key silver deposit of Maronan is in the early development phase and like BVML has a good chunk of lead that could defray mining costs but it is quite a few years away from any development.

All projects have their resources in Australia. DYOR on all the details.