PGM stocks did well overnight and it seems Mr market likes FME once again.
We are sitting in a unique spot right now with majors wanting to diversify into green metals for the future.
Chalice currently has interest from multiple majors and Newmonts proposed merger over Newcrest is mainly due to ESG compliance and reputation. Newcrest has a heavy weighting of copper in their portfolio (tick) and the geopolitical instability of Covid taught Newmont that Australia is the place to be in times of uncertainty.
I think once Chalice is taken out there will be majors like Gina and twiggy looking for green metals to tick their ESG boxes and we are sitting on a very large deposit that won't go unnoticed this time especially if this turns out to be a commodity super cycle.
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