Maybe you should contact the company and tell them how they can drill 60,000m without using money...We had 106mil to use up (and most of it was specifically to be used on drilling)
See you wont understand why PMT is using so much money with drilling because you are used to a small deposit over at WR1 so they dont have 10 rigs drilling the Tier 1 deposit they have, Tier 2 deposits are alot cheaper to drill.
Nothing wrong with having 50mil bux left plus i think theres still 20mil+ available from warrants and options still remaining. If we need another Flow Through financing for 50mil bux, thats literally a penny to us considering we are sitting on 1.3bil mcap. Maybe ALB will be happy putting in some more money at half their previous buy in even.
This is all the cost of building out a Tier 1 most likely top 3 deposit in the world. But again thats something you wont understand being connected with a Tier 2 deposit at WR1 with just a handful of drills needed.
Ann: New High-Grade Zone Discovered at CV13 - 34.4m @ 2.90% Li2O, page-104
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Last
66.5¢ |
Change
-0.065(8.90%) |
Mkt cap ! $414.7M | |||
| Open | High | Low | Value | Volume |
| 71.5¢ | 71.5¢ | 65.5¢ | $7.522M | 11.05M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 108995 | 66.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 68.0¢ | 19713 | 2 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
66.0¢ |
Change
-0.065 ( 9.90 %) |
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| Open | High | Low | Volume | ||
| 71.0¢ | 71.5¢ | 65.5¢ | 2264024 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| PMT (ASX) Chart |