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8.7¢ boab metals limited

Voting NO at upcoming AGM, page-85

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Verily1

13,413 Posts.

2518

05/10/22

23:19

Post #: 64051318
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Originally posted by AuGeologist: ↑

Fair point regarding phase 5 drilling delaying dfs.

If this was the case, then they know by now if the mill will be 1.5 vs 2mtpa. So even if they can't release the finite detail of the DFS, then let us atleast know what mill will be built to keep us informed.

And yes, COVID was bad timing. But plenty of companies have been able to release pfs and dfs studies over the past yr or 2. If asx African based projects can do it, asx WA based companies with WA based projects should be able to do it. Covid can't be continually used as an excuse.

I don't mean to sound harsh, the management are great people and appear competent with a great project. But this is a business, not a friendship and there comes a point where a project needs to be delivered to a timeline.

Again, I prefix this with saying I am sure we will see it within the next couple of weeks.

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@AuGeologist in the most recent research report from Shaw and Partners they make the point their base case is a 2.0mtpa mine. Below I have cut and pasted this for you:

I attach a copy of the full report below. I encourage everyone to read it in detail.

https://boabmetals.com/wp-content/uploads/2022/07/Shaw-and-Partners-Research-Report-Phase-VI-drilling-commences-at-Sorby-Hills.pdf

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BML Price at posting: 20.5¢ Sentiment: Buy Disclosure: Held
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