2020..year of Pioneer, page-29

@pezsaz,

Not much has changed for Pioneer since the 11 December 2019 SP wise, besides that the Australian peer on peer’s sector inground JORC resource average EV then value of $249 per Li2O tonne has significantly increased in value to $292. Perhaps, another indicator that the unloved lithium sector after five successive quarter price falls for 6% spodumene concentrate material had bottomed sometime in the Dec 2019 quarter and is now fielding new interest in this new decade. Fingers crossed for all …

Again, this is just another value to the overall transparent light table to take into consideration, that’s all, nothing more nothing less. With that in mind:

PIO SP based on the current Cade JORC resource only and the Australian peer on peer’s sector JORC resource average EV value of $292 = ~$30M mcap or ~2.0c per share without equating or accounting for the Cade & Co resource upgrade figure.

PIO SP based on that Global B of Env resource of 30Mt @ 1.2% Li2O and non producing peer LTR’s JORC resource below average EV value of $116 per Li2O tonne = ~$42M mcap or ~2.8c without accounting for the rest of the Periodic Table of Elements being explored by this company and JV partners.

PIO SP based on that Global B of Env resource of 30Mt @ 1.2% Li2O and the Australian peer on peer’s sector JORC resource average EV value of $292 per Li2O tonne = ~$105M mcap or ~7.0c without accounting for the rest of the Periodic Table of Elements being explored by this company and JV partners.

Either ways a substantial Cade JORC resource upgrade to 30Mt will be +value adding from these lowly share prices, unless something untoward happens like a capital raising (not likely with +$5M in the kitty, but others like the poorly managed DEG have done so x 2).

I anticipate that this stock will be a plus bagger in the first half of this year on spodumene assets alone. Hope that helps you and some others, Good luck and best endeavours …. Bye …

PIO 9/01/2020
Mcap $19.6M @ 1.3c fps (1509M fps, +$5.6M cash)
PIO Global B of Env resource, midpoint 30Mt @ ~1.2% Li2O,
PIO value per res Li2O tonne (~0.36Mt contained Li2O) = ~$39t
Cade JORC Inf res 8.2Mt @ 1.23% Li2O
PIO value per res Li2O tonne (~0.102Mt contained Li2O) = ~$137t

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Sometimes the questions are complicated and the answers are simple.
~ Dr Seuss