Hi Maccas im not sure if you are aware but PMT is valued about 2 billion market caps right now [this is before JORC MRE]. Just based on the potentials and how its looking to shape ups [they dont know how big it is yet but it is definitely +100mt]. This is the living proof of the potentials we have here
The original listings is PMET in canada and PMT on the ASX is a 10:1 CDI so the market caps showing on hotcopper is wrong
Also PMT deposits is under a big lake so there is potentials for environmental issues in canada in addition to the traditional canada long wait times [years] for environmental and mining approvals. That is why PMT market caps is discounted also for the risk factors of canada
Australia in particular WA is the premium domain and the premium mining jurisdiction in the world with the fastest to market. So everything here is valued at a premiums.
Lets pretend the early drilling results start to show like PMT results well then 60% of 2 billion is 1.2billion market caps. That is a 700% increase for AZS from todays market caps of a measly 150 millions. Now that is not even putting the nickel sulphides deposits into the pictures or the copper cobalt. The upside potentials here is real and the nickels was already valued at 22cents before the lithium came into the pictures.
AZS Price at posting:
42.5¢ Sentiment: Buy Disclosure: Held
