Sprott put out a note on PDM in Finland with a price target x3.5 higher 200m. Most i have spoken with, do not like $PDM, lower grade and smaller targets, only 3.9mevq PGE over a few deposits half in Finland and half in Canada.
Good news is, soon Brock from Sprott will be doing a site visit to Penikat and hopefully we get a buy recommendation.
From early Sprott notes i shared on my twitter account, indicates 7.5moz PGE 7g/t+, while Team believes we can double that.
A 500m MC at drilling and JORC stage not unlikely IMO for this sort of deposit.
NPV possible 3billion +, 15yr LOM and lowest quartile AISC in the world. As Rick Rule would say, a Tier 1/2 mine.
Add PDM Finnish play, only thing worth owning them for, is sub 5km strike vs 25m KRM, currently 460k vs historics of 2moz KRM
Look at the grade difference 7g/t+ Penikat vs 1g/t Kaukua...
Pfft
Finland is Elephant Country and KRM prime position IMO.
Just needs patience.
Add to My Watchlist
What is My Watchlist?
