The FME JORC resource to date is far superior then the POD resource... the FME resource also sits on a Mining Lease, and we also have a decade of met data on hand. We're years ahead of POD as an explorer -> development.
POD are chasing thinner zones and have an exploration target of 70-75Mt at grade of 1.2 to 1.6g/t 3E PGM. FME 'currently' have 129Mt at a grade of 1.20g/t 3E PGM + 0.19% Ni and 154ppm Co (1.66g/t PdEq). Our resource is 'currently' more than double the exploration target of POD, and we have several km of untested strike, and zones of 1-1.2g/t material in 100-500m widths.
FME is going for an enormous resource, perhaps well over 10Moz of 3E PGM + Nickel + Cobalt...
FME Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
