These people choose to make their investment life a nightmare by investing in something with a huge lake over and around a deep deposit with no infrastructure and a ton of Capex + funding risks ahead.
If pmet requires say upwards of $1billion in Capex and development funding, then this should be subtracted off their current market cap because that funding needs to be raised in equity or debt.
See overnight they now dropped to CAD$1.3bil market cap when they should really be worth only around $250m at most imho.
When just around the corner we will soon see a deposit near 100mt at surface + ready infrastructure. Lets not mention the name of that wonderful and lucky deposit with near new plant and infrastructure ready ro go ...so they continue here and enjoy their miserable investment life. Lol
Ann: Final 2023 Drill Hole Results for the CV13 & CV9 Pegmatites, page-45
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Last
43.5¢ |
Change
-0.030(6.45%) |
Mkt cap ! $259.0M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 45.5¢ | 42.5¢ | $732.2K | 1.665M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 19996 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.5¢ | 50000 | 1 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| PMT (ASX) Chart |