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Boab Metals (ASX:BML) has seen its shares initially jump modestly, then pare off in arvo trades as the company released its strategic outlook for CY26, more or less headlining that piece with the observation its existing FEED cost assumptions did not account for a silver price that’s since grown threefold.
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That shares were flat at 2pm AEDT suggests the market was already pricing this in; on a tear, Boab is up +215% over the last 12mths as precious metals charge vertically, apparently sucking the entire metals universe along, too.
Boab noted that the company is fully funded all the way through to production; unsurprisingly, a recent raising came in oversubscribed.
Higher silver prices will be factored into a “Project Delivery Plan” for release in Q2 of CY26, Boab also declared, and the company remains focused on upgrading its existing MRE. Positive FID was locked in late last year.
The update on Thursday – which was arguably a bit of a nothing-burger, all things considered – was nonetheless well received by HotCopper forum users, and right now, so long as Boab can maintain its gains, it probably can’t do anything wrong when it comes to HotCopper user sentiment.
The same is true for silver prices.
BML last traded at 55cps.
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