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50.0¢ essential metals limited

Relax people, its just fear playing with your emotions! The SP...

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Ralii

2,759 Posts.

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28/06/16

13:59

Post #: 18141389
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Originally posted by mistie ↑

Agree, according to some Pioneer has world class orebodies all over the period table, even some pending neorology tenements with parts per trillion soil samples – go figure!

Pioneer is a high risk exploration company that has raised money on the back of the Lithium Boom for predominantly Lithium exploration only. The Company has one unmineable, being a moderate Ni resource at Blair which is at depth, no other, just low order follow up targets. Otherwise they would have been blanket drilled a long long time ago.

ACRA has been in the stable since the IPO in 2004 (+12yrs) and there is no defined “Superpit” or small resource to date, and most likely nowhere near enough drilling to define a small one 12 years on.

Bring on the Mavis drilling as a matter of urgency, otherwise IMO the SPP may struggle to raise more than 50% of the proposed capital without an underwriter.

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Relax people, its just fear playing with your emotions!

The SP hit 10 cents last month, not much has changed. If it was good value then, it still is.

PIO Price at posting: 3.7¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

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