Thanks for link Klue. Similar to last presentation but perhaps more polished this time. Ran out of time again at Q&A. Hope there isn't a pattern building to keep q's to a minimum. We could have done with a bit more time to see what's happening with legacy cases and patents for example. Other than that, a great day today
Excellent presentation, wish he had a few more minutes . Of course at this time we are talking about 19 year life but I suspect it will multiply as the Ester Project unravels alongside Kashitu and other opportunites that may arise Targets and valuations seem very conservative at this point given that which is awaiting Jorc, Vanadium etc
I guess I already put mine out, but 30p by summer. Zinc is up about 100% over the last year and lead 35%. About a million tonnes of zinc has left the market since 2013 and there's no replacement until Gamsberg in SA makes only partial headway into the supply deficit from 2018/19. Glencore, BHPB and Nyrstar have all cut output guidance for this year. A few marginal producers are looking at restarting mothballed mines if the price continues. That's rather a good sign that there isn't another Lisheen, Galmoy or Century or an existing mine that can respond to the buoyant demand environment. BMR has a real, unique opportunity.
The current situation appears to have a glass ceiling forming at 7.15p and it seems sane to suggest any near term movements above 7.15p should continue to 7.8p initially with secondary still at a probable 8.8p. The thing is, our demand for Higher Highs suggests closure above 8.125 is now absolutely critical for this lots longer term future as it moves the price into a big picture range which allows for 12.25p in the future, maybe even 19p if BMR start producing good news.
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