Sprott put out a note on PDM in Finland with a price target x3.5 higher 200m. Most i have spoken with, do not like $PDM, lower grade and smaller targets, only 3.9mevq PGE over a few deposits half in Finland and half in Canada.
Good news is, soon Brock from Sprott will be doing a site visit to Penikat and hopefully we get a buy recommendation.
From early Sprott notes i shared on my twitter account, indicates 7.5moz PGE 7g/t+, while Team believes we can double that.
A 500m MC at drilling and JORC stage not unlikely IMO for this sort of deposit.
NPV possible 3billion +, 15yr LOM and lowest quartile AISC in the world. As Rick Rule would say, a Tier 1/2 mine.
Add PDM Finnish play, only thing worth owning them for, is sub 5km strike vs 25m KRM, currently 460k vs historics of 2moz KRM
Look at the grade difference 7g/t+ Penikat vs 1g/t Kaukua...
Pfft
Finland is Elephant Country and KRM prime position IMO.
Just needs patience.
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3.6¢ |
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Mkt cap ! $27.12M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 88600 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 32985 | 2 |
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| Last trade - 09.59am 21/07/2025 (20 minute delay) ? |
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