Hi Joe, I'm going to pretend that you're new to BML. This is a project with a proven in ground resource of 2m net tons of lead worth about $4 bn at today's lead price of $2000 per ton. Add to this the 54 million ounces of silver currently worth over $1.8 bn and Zinc worth $850 million. The total comes to around $6 billion, allowing for fluctuations. The company has no debt.
The AISC is one of the lowest in the industry. The mine life is predicted at 8.6 years. Not that long, but in terms of return on investment I'm guessing (but think I'm correct) better than many mines with 25 year lifespans.
Only problem is getting finance. I wonder why S32 has not snapped it up. Be patient.
BML Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
