i think the biggest problem is mining the deposit . I mean 2k down by 15 meters wide by 15k long .. How would this be done? The best outcome for POD would be for a company with deep pockets to take it over via a share swap, then sit on it, and work the mining logistics. If it was mined and processed into a concentrate on-site, it would probably need a billion-dollar plant . I predict more capital raises when they run out of money. In the end, when capital raises fail , it will probably be sold to, or taken over by another company. A dam shame , but mining is a tough game. Challice CHN should do a share-swap for it. Traditionally, management sits on these companies and gets the public to finance them, swapping management periodically. look at Australian Mining for example.
I could imagine a circular bore to extract the mineralized ore, but would it need to be 2k long? i don't think it's going to happen, at least not in the short term
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POD
podium minerals limited
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Last
4.4¢ |
Change
-0.002(4.35%) |
Mkt cap ! $34.18M |
Open | High | Low | Value | Volume |
4.4¢ | 4.4¢ | 4.2¢ | $87.64K | 2.017M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 927 | 4.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.5¢ | 225000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 927 | 0.044 |
2 | 181256 | 0.043 |
2 | 149600 | 0.042 |
4 | 281197 | 0.041 |
3 | 382500 | 0.040 |
Price($) | Vol. | No. |
---|---|---|
0.045 | 225000 | 2 |
0.047 | 51776 | 2 |
0.048 | 1191439 | 2 |
0.052 | 67641 | 1 |
0.054 | 20410 | 1 |
Last trade - 14.02pm 31/07/2025 (20 minute delay) ? |
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POD (ASX) Chart |