PSC 0.00% 12.5¢ prospect resources limited

4c Party Is here, page-460

  1. 24,192 Posts.
    lightbulb Created with Sketch. 5565
    Green bull

    Well lets see my concerns were about MCap being currently too high for the amount of narrow drill "hits" (of unknown grade) they had thus far and in comparison to BGS the mcap at was unsustainable for the time being (Infact PSC mcap is still higher that BGS at time of writing) ... in essence the market had gotten too far ahead of itself on PSC ... So unless your going to release high grade drill results on behalf of the company then I can't see how this "Discussion" with GSC will help. The company simply needs to do the following IMHO to justify a higher mcap .

    1. Release drill results which show many (or the majority of holes) have thick intersections, so 20 -40m thick (not 3-4m on avg)
    2. Provide assays showing 3-4% lithium across the entirety of those thick intersections. Or even 1.5-1.8% as BGS has done...

    Simply really ...show us the assayed results

    This (ie, large intersections of 3-4% Lithium) would justify a mcap well above BGS at this point ...releasing 1 hole at a time with narrow intersections with no grade really does not cut the mustard anymore

    All is IMHO, DYOR to confirm.
    Last edited by Freehold: 13/07/16
 
watchlist Created with Sketch. Add PSC (ASX) to my watchlist
(20min delay)
Last
12.5¢
Change
0.000(0.00%)
Mkt cap ! $59.83M
Open High Low Value Volume
12.5¢ 12.5¢ 12.0¢ $203.5K 1.690M

Buyers (Bids)

No. Vol. Price($)
1 483 12.0¢
 

Sellers (Offers)

Price($) Vol. No.
12.5¢ 118526 1
View Market Depth
Last trade - 16.10pm 26/07/2024 (20 minute delay) ?
PSC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.