Value in BUNKERInteresting, I have done some homework and I am confident that there is lots of upside with Bunker. There are not many lead, zinc , silver plays coming into production in 2023. Bunker is one of them in production Sept 2023.
I dug through the current PFS and noticed like all mining co's they are using consensus type pricing for the underlying commodities. $20 silver and $1.10 Zinc. With so much lead this play is highly levered to to zinc in particular. Zinc is currently close to $1.50.
Between now and Sept all I am reading points to zinc shortage out there and hopeful that Silver could run up ( anyones guess ) If this happens and seems likely, the economic model for Bunker blows through the roof. Instead of cash flowing $30 to $35 M USD a year - it could be $40 to $45 M
with that i can't see how the stock price remains at .17 CDN. Even after debt and stream get paid off this thing could trade at 10 X free cash flow? Current MKT Cap is about $30 M USD ( $42 M CDN ) and 10 X free cash flow would get you to north of $200 M USD conservatively.
Could be an easy ( has not been easy so far with the juniors ) 7 bagger - $1.00 CDN Fingers are crossed