Not really, have a look at GT1. LAC and LG bought in at $1 and sp never recovered. SP appreciation is not the priority rather it is the purpose of securing future offtake rights. They go in at the peak in exchange for these offtake rights.
Also i have said the Marketcap will always match the MRE regardless of the future potential at 10MT per 100mil. PMET is currently valued at 1.06 billion USD so it is right at MRE valuation. But Cannacord has noted a canadian average at around 60mil per 10MT so it may keep falling. CRR and CY5 is another example regardless of future potential it always falls back to the formula after first MRE.
PMT Price at posting:
$1.28 Sentiment: None Disclosure: Not Held
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