PMT are at a very early stage of drilling out their Pegmatites.
There are many more that have no drilling at all. The Mkt cap is priced to anticipate further discovery I believe.
Regardless of the MRE coming out higher or lower than 100Mt the number will improve in time.
The recent announcement that only one processing plant required is an excellent outcome.
The Mkt cap also reflects the great location of the project being extremely close to a highway and cheap Hydro electricity lines.
In a land far far away in Western Australia LTR is going to mine their ore mostly underground and their Mkt cap is AU$6B for a MRE of 156Mt. Just think about that.
Anyone see this? Thoughts? Patriot battery report, page-83
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Last
43.5¢ |
Change
-0.005(1.14%) |
Mkt cap ! $242.1M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 44.0¢ | 43.0¢ | $285.6K | 656.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 171338 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 131731 | 10 |
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| Last trade - 12.06pm 07/08/2025 (20 minute delay) ? |
| PMT (ASX) Chart |