I have not shorted. But if i was aware of this info in November 2023 i would have.
https://patriotbatterymetals.com/wp-content/uploads/2024/03/Corvette-Mining-Project-Preliminary-Information-Document-November-2023.pdf
I have not spoken to Ken, but i have watched several presentations and webinars he has spoken on. Considering the document above, Ken is close to breaching ASX Guidelines, albeit he probably has breach ASIC Guidelines. He has been spinning crap imo about the viability of PMT while attempting to sell.
The reality is, in November 2023 PMT has a 2 year starter pit 11.5mt @1.14%, the initial years should be some of the best, then years 2-11 42.2mt @ 1.19%. Thats 15years of impractical throughput of 3.5mpta, the DFS will look crap.
Cv9 and Cv13 have not impressed since November 2023, the metrics have not improved. That tonnage may have improved, but mpta will remain at 3.5pmta to allow for low grade, so Capex is still 1billlion plus for plant at this time.
There is no getting around, until Nova can be mined, and thats in 15YEARS, PMT is uneconomical and baby brother to wr1.
I have not shorted. But if i was aware of this info in November...
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Last
75.5¢ |
Change
-0.020(2.58%) |
Mkt cap ! $442.5M | |||
| Open | High | Low | Value | Volume |
| 79.5¢ | 79.5¢ | 75.0¢ | $1.661M | 2.169M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29999 | 75.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 76.5¢ | 46081 | 2 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
76.0¢ |
Change
-0.020 ( 2.45 %) |
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| Open | High | Low | Volume | ||
| 78.5¢ | 78.5¢ | 75.0¢ | 560651 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| PMT (ASX) Chart |