Additional Information
Market: ASX
Sector: General Mining - Zinc, Lead and Tin
EPIC: BSM
Latest Price: A$0.01  (16.67% Ascending)
52-week High: A$0.29
52-week Low: A$0.01
Market Cap: A$1.54M
1 year chart
1 day chart
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !

Bass Metals (ASX: BSM) is a growth focused and profitable Australian base and precious metal producer with a portfolio of high quality zinc, lead, copper and gold assets in the rich Mount Read Volcanic mineral belt in northwest Tasmania. Listing in 2005, Bass delivered its maiden profit in 2008 from its profitable base metals production hub at Que River in Tasmania, which has generated $25 million in cash flow over the last two years.

 

The Company also has an active and successful exploration programme and is currently following up on recent discoveries at Switchback and Fossey East which are high-grade and located in close proximity to existing mines and milling infrastructure. Bass has an experienced Board and operating team who have a strong track record of delivering profitable production underpinned by exploration success and are highly motivated to improve on that record.

 

The Company’s growth strategy centres on the development of a ‘pipeline’ of production, near-production and exploration assets in this prolific mineral belt, with strong leverage to a substantial new discovery through its extensive regional ground holding.

Pdf

Bass Metals locks in high silver price selling 558,000 ounces at A$26.04

20th Oct 2010, 9:00 am

To lock in decade high silver prices, Bass Metals (ASX:BSM) has sold forward 558,000 ounces of silver at an effective price of A$26.04 per ounce.

The hedging program equates to 27% of the payable silver planned to be recovered to concentrates, and sold from the Fossey deposit.

The hedging program, which is with RMB Resources Ltd, includes a A$5 million cash prepayment, with these funds used to support the Hellyer Mine Project, with a focus on near term growth initiatives.

The sale price is a 33% above the A$19.54 per ounce silver price assumed in the definitive feasibility study for the Fossey mine development.

Spot silver is currently around A$23.80.

Gold and silver is estimated to represent 32% of the overall sales revenue from the Fossey deposit.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.