PAM Thread - What is the future for PAM? Is PAM the next VUL?, page-1079

Checked with PAM if additional drilling planned will impact the mineral resource increase and scoping study. Told there should be no delay as they would have enough to use with the current extensional/infill drilling and ore sorting that increases head grade.

What I hope for 2022 to early 2023

• More news on discussions, incentives and support from Thai government - from Paul's message they would very likely be delivering into the Thai ecosystem to get support from gov
• Met results for Tungsten project - from quarterly report "one of the few tungsten projects located in a low cost environment proximal to industrial markets. PAM is currently awaiting metallurgical test results."
• Mineral resource upgrade up from 113,000LCE
• Scoping study
• Joint venture or cornerstone investor - from the last interview "Our objective is to produce chemicals. It is easy doable. There are a few Thai listed companies interested, there are some Japanese companies also interested. I expect that we will be able to look at some Joint Venture opportunities as we progress towards the scoping study"
• New Bang I Tum drill results - may start from October and Paul is positive about its potential from the last interview "I wouldn't be surprised to see our tonnes nearly double or double"
• Kata Thong hard rock and geothermal SPL licences approved
• Kata thong hard rock and geothermal exploration results - PAM recommenced investigation into geothermal dischargers, potential for hard rock lithium and tin deposits
• Phang Nga and Ranong SPL licences submitted

I think that tungsten will be on hold as PAM mentioned it has a much higher capex than lithium so I assume that they will use the lithium projects to fund it. "PAM's Khao Soon Tungsten Project is one of the largest and highest grade tungsten exploration projects in the global peer group"