Boab Metals Ltd PMYLF

NPV at current metal prices of A$500 Million mkt cap $36M !

[touquoy2003]

How long before the market wakes up and realizes financing is a realistic possibility and the project has an NPV at current metal prices of A$500 Million and a mkt cap of only A$36 Million !
#BoabMetals is pleased to announce that its wholly owned subsidiary, Sorby Hills Pty Ltd has executed a binding offtake agreement with Trafigura Asia Trading Pte Ltd for lead-silver concentrate produced at the Company’s flagship Sorby Hills Lead-Silver-Zinc Project located in the Kimberley Region of Western Australia. In conjunction with the Offtake Agreement the Company has executed a binding term sheet for a US$30 million prepayment facility. For full details of the announcement see the link below: https://lnkd.in/gRqeQCm2 Simon Noon stated “We are delighted to have secured support in the form of binding offtake and project financing from a party of Trafigura’s calibre throughout what has been a highly competitive offtake tender process. Trafigura has demonstrated a willingness to work constructively with the Company to deliver a result that is in the best interest of the Project.” Trafigura’s Global Head of Zinc and Lead has stated “The opportunity to secure high-quality concentrate from the Sorby Hills Project is an exciting prospect for our lead trading book. We look forward to seeing Boab’s management team bring this project into production.” https://eatwanderexplore.com/blog/boab-metals-australia-ltd-a-strategic-investment-opportunity-in-australias-silver-mining-industry #silver #basemetals #lead #index #zinc #trafigura