bml will be much cheaper ag eq wise. Bc it has ~2x it's ~40moz equity owned silver value in lead
but on an enterprise value silver only basis theyd be the 2 cheapest and roughly comparable
ev is mkt cap+any debt- cash= mkt value of the enterprise by itself
Bml is trading roughly $13m EV cos it has near $6m cash. Ard is about what $18m??
So id say ev/ag oz is likely v similar
the quality of the resource is different but thats a separate discussion
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