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Just reflecting on the SP before we go into the BH weekend.

Look at where the SP was June 24 - 1.85 - double where it is now

Consider what is going to happen when we get the next tangible piece of news from any one of our 3 projects.

There will be no warning - the RNS will just appear.

Have a great weekend.

ATB

Ppanchol - agreed it is unbelievable. It is incredulous that PKF have taken this long. They have a lot to answer for but doubt they ever will be held to account.

The introduction of Samsung’s solid-state batteries could have a substantial impact on the silver market. It is estimated that each battery cell may require up to 5 grams of silver, leading to a potential demand of 1 kg of silver per vehicle for a 100 kWh capacity battery pack. If 20% of the global car production (approximately 16 million vehicles) adopts this technology, the annual silver demand could reach 16,000 metric tons.

This would represent a significant portion (64%) of the current global silver production, which is approximately 25,000 metric tons annually, highlighting the substantial impact on the silver market. If this new silver solid state battery technology gains traction and just 32% of global car production were to use it over time, that would require ALL of the current silver production to meet this demand!

This comes at a time when silver is already in a deficit with industrial demand from the solar industry pushing total yearly consumption ahead of supply. Economics 101 teaches that with demand rising much faster than supply, prices are likely to move significantly higher. And the silver price has some catching up to do. While gold has been making a series of new record highs recently, silver is still trading 40% below record highs and needs to climb roughly 68% to return to prior record prices at $50 per ounce. And this is just the nominal price record. When adjusted for inflation, the price of silver needs to climb toward $200/oz to reach an equivalent price level as the 2011 high of $50.

Agreed it is frustrating Dan - but on the plus side, POG is only likely to increase and junior miners still have a long way to catch up - even the majors haven't caught up yet. So we might be able to ride a number of waves into shore year - but we need the momentum to start asap to be sure.

Its going to be interesting to listen to Powell at Jackson Hole tomorrow and what messages he sends on interest rate drops - and then of course how the market reacts......

BMV is currently being valued as an explorer in my view. The reality is that the gold is already there and waiting on a signature to commence production in less than a year from the ink drying. At least ten times faster than any explorer making a discovery today.

Wake up market.

We estimate we have 1.8 m oz in South Korea and the Philippines which are high margin production. Local partners, who are funding the development of all three of our projects understand the in-ground value and ability to gain exposure to #bullion #gold #goldmining #mining #resourcedevelopment #silver #silvermining

My comments - last scoping studying had AISC at $630 for SK at SK - exploration target 1.5M - lets be conservative for AISC due to inflation and lets say a massive $900 - POG at 2500 (forecast to go much much higher by the time we are producing) - 1.5M x 1600 x 40% = $960M .....

I have excluded Batangas - I don't want to over egg the investment case.

Current MC less than £7M .....

Refer to the presentations on the company website and DYOR.

Permissions could land at any time - our JV partners could not be more incentivised to do what is needed with local communities and authorities. A complex landscape that Aidan highlighted as being one of the compelling reasons to have a local JV partnership.

Oh dear - I had wondered who the green filter was - it's been a while!

Make that 2520 for POG

Wow

The thing that is changing of course is the POG - 2512 as I post - Allign tweeting this morning reminding everyone that this goes straight onto the future bottom line.

Like the string in a bow being pulled back further - when this arrow lets fly it’s going to travel some distance!

Feels like that squib - but didn't Aidan mention something about work being able to progress without the TMUP though? If that is the case we might get an update RNS or maybe a tweet before the actual TMUP - just a thought.

Thanks tradedesk - interesting observations and context - appreciated

Nice one SW - once the expansion starts, this will be a great way to track progress

No disputing Callum's pedigree - he was a the brains behind the Haverion find as we all know.

The only question in my mind at the moment is Callum's choice of JV partner in GBP. Why hasn't another major picked this up with Callum - even GGP at this stage? OK GGP might have their hands full already with what's going on but its a curious JV partnership at the moment unless there are background relationships in the SLT / BoD? He also seems willing to give another 10% for an incredibly small amount.

Thoughts?

Bebeto - I agree

Oh yes - and silver hasn't even started to play catch up with gold yet. BMV perfectly placed for both.

We might not be producing yet but look at the disconnect between POG and junior miners in general (GDXJ is a proxy) - BMV is truly a coiled spring that is not only under valued on its own merits but part of a sector that is also undervalued.

Hi Moneymaker - and with POG at 2505 as I type, we might see a lot of media interest in this milestone breach and maybe just maybe near term gold producers with low market caps!

$2495

Oh yes!!

And have you seen today's transactions? interesting