Number 1 on the Podium - Find me a cheaper Precious Metals play, page-907

Alright HomeBrand... I took the higher grade areas in both companies' recent resource announcements. I used about 3 of my existing spreadsheets to calculate a lot of the data. I expect there will be errors.

It basically takes the higher grade resource that both companies seem to infer that could be mined and then works out an apples to apples ratio.

It omits POD's rhodium and iridum but we can crystal ball gaze on the JORC content of that if you want me to fiddle with the numbers.

I am reasonably convinced that if the market did value apples to apples in terms of this small section of resource for POD against CHN's higher grade area then POD would be $1+ at least.

If POD can prove up a bigger higher grade area then the metrics improve dramatically.

My spreadsheet is a mess and probably has errors but it seems about right to my mind.

If we used POD's bigger resource then there may be significant differences - after all POD's JORC uses 1g/t cut-off (like South African mines) and CHN uses some whacky-doo PdEq/NiEq cut-off (which is not how the South African mines do it).