Ann: Bang I Tum Prospect - Exploration Update, page-11

Very true. The market will eventually value PAM once they de-risk and achieve more milestones. Early indications from Paul are all positive so no reason why this shouldn't happen with enough patience. Although the macro environment needs to improve to support this. If PAM can deliver their planned scoping study, mineral resource increase, license approvals and maybe a strategic partnership this year then they could be off flying to a more realistic price. Looking forward to PAM crossing the $1 line when this happens.

I'd love to read the scoping study before Christmas to see which direction PAM takes with the chemical process route, the valuable by-products, metallurgical testwork results and where they would sit on the cost curve.