a key element of the grade reporting by fme is that the PdEq numbers reported are for likely recoverable metal not the absolute grade as most other companies would be reporting. this tells me that these numbers are potentially the recovery grade from a mining operation, and at the current prices for these metals highly profitable - i make this statement based on the Pd/Au price comparison where mines are making money in WA at ~1g/t Au.
the upcoming mre will be telling. where are people pitching their bets 5moz PdEq? 7moz? historically there was a mre of ~4moz, so i'm happy to call it above that number, but happy to hear others thoughts.
FME Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
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