What a day... On a day where silver lost 1.7% in value, zinc and lead were both up 0.7%. Given where the value is in the Corani project, that's about a wash.
But BCM drops almost 12% on the day.
It's as if potential investors don't know what's in the field. The 2019 feasibility study projected a 22.9% IRR and that based on metal prices of $18/oz silver, $0.95/lb lead, and $1.10/lb zinc. Not for nothing current values of these metals are $27.5/oz silver (153% of base assumption), $0.97/lb lead (102% of assumed value) and $1.31/lb zinc (119% of assumed value)
If you've ever believed in the Corani project, you'd have to say they are better positioned than any time post the loss of the Santa Ana mine. It's hard to find anyone who believes silver will ever fall below $20/oz ever again, at that level the silver stream pays for the entire development. No clue where the negative price movement is coming from.