For frustrated PIO shareholders, page-212

Economics were proven by management on caesium alone (that’s not just DC as detractors focus on). Premium A Grade microcline that is likely to exceed 500,000t, better than average lepidolite and petalite in material volumes available immediately as overburden to digging the caesium pollucite, potential offtake partners paying for drilling. Stated this will be a short term mine with cash injection and cashflow for several years. Open with excellent results north and south.

This is a very rare LCT and every component is of material size and quality. The market obviously is a better judge than we speculators are. So why did it go to 10 cents (Mavis & Raleigh potential - pump and dump) and 4.6 cents (Pilbara gold potential - pump and dump). The stock briefly hit 2.8 on the Cabot announcement and quickly retreated to 1.9-2.0. The 2 early price spikes had nothing to do with the Dome.

Trade volumes are still insignificant in comparison to overall shares issued and everybody negatively commenting does so on immaterial trade volumes that unfortunately control the price. PIO are currently preparing the site and don’t anticipate to start mining until September. Based on current resentment for the stock I don’t expect the share price to do anything until PIO finally announce they’ve paid off the loan, have 3 offtake partners and have $10m+ free cash in the bank and multiple million dollar ongoing cashflow from stockpiled resource for several years.

I’m happy to hang in there as it’s been a long and painful journey. I believe the Dome is a significant asset with huge potential along the 2.5km length.

Even though cobalt has temporarily had a significant price retreat, a JORC on Blair for cobalt and nickel (still holding a good price) over the next 6 months should confirm PIO as having significant assets worth share price appreciation.