Correct.
The JORC will come later according to PIO.
However the sale price of caesium has been agreed with Cabot (as per ann.)
PIO has not informed its shareholders on what that pricing structure is.
Even when shareholders have the JORC they will not be able to establish the value of the resource as they do not know the pricing structure agreed with Cabot.
Unless PIO do release that pricing structure in the future, or at least a total value of resource as per the terms of the Cabot agreement.
I'd love to go back in on PIO, but not until I know more about the bottom line.
Let's wait and see. It is fascinating to watch how this develops.
PIO Price at posting:
1.9¢ Sentiment: Hold Disclosure: Not Held
