Guys - Dont worry so much about the manipulated silver market -...

Guys - Dont worry so much about the manipulated silver market - theres a lot more to this company than just silver!

1. It already has a measured resource of 45 mill tonnes at 4.3% lead (please correct me if my calcs are wrong here) - but that's almost 2 million tons of lead and lead price is up from 1,600 USD per ton to USD 2,000 - Thats an asset of AUD 4 billion. - measuring an in-ground resources at just of 10% of its value is normal/fair way to measure a market cap of a resource co in USA or Canada or another good jurisdiction like oz.
-So thats AUD 400 million in asset value.

because Bear in mind if BML can make AUD 1,300 a tonne profit on mining that Lead its an AUD 2.6 billion profit over the LOM! so valueing a co at 10% of its in ground proven assets is a very fair and reasonable way to value a company. (it after all owns all the resources in the ground)

2. Plus there's 45 mill tons of Zinc at 0.5%= 225 k tons of zinc at USD 2,900 (AUD 3,766) thats AUD 847 million of zinc - take that in ground asset at 10% of its value there a another 84 million AUD of fair value .

3. Then the silver 45 mill tons at 37g/t silver = 1.7 billion grammes silver = 54 million oz of silver at USD 26 per oz (AUD 33) = an inground value of AUD 1.78 billion - take 10% of that and its AUD 178 million of fair value

so just valueing its measured inground resources known now (which are still being expanded) this co should have an asset value of
400 mill +84 mill + 174 mill = AUD 660 million - its current market cap is ridiculously low at just AUD 60 million ! So all its silver is totally free to shareholders!

Lets measure it another way - the independent experts reckon it will make around NPAT of AUD 75 million per year - the mine life will be at least 25 years (phase one is already 15 years!) so it can go to an 8x pe- 75 mill x 8 = AUD 600 million.

This co is valued at only 10% of its fair valuation price. if silver goes up its way less.

we at the 10ba99erclub.com bought into this stock at under 10 cents (as PMY) but based on current consolidated price today almost a year ago. and were up 400% and believe we can probably watch it 10 bag again from here.

this stock is very undervalued.

If the silver price does stop getting manipulated down - which it absolutely is - then this company becomes even more undervalued.

and value has a way of being found in the end. especially if your 25% Chinese partner can afford to fund all the development and take all your offtake!

Just look at RTR (rumble resources) their stock just jumped from an AUD 50 mill cap up 600% to an A$350 mill cap in a couple of weeks why? - because that think they may have found a lead zinc (without the silver!!) resource as big as BML has.

so why is this stock not reacting to that news- is the market crazy? Or just blind - or am I missing something?

Im buying a few more. this stock is 45% of its highs- for no valid reason other than bad sentiment right now in the silver market. It's about the lead and zinc stupid! the silver its got is effectively is free!