Only skin dip research but my thoughts on POD at 120m Mcap
News flow is currency and to my understanding only ~ 50% of strike is in current JORC. If the current drilling program shows mineralised zone continues for the whole 15km strike and maintains grades.. with 60,000 tonnes of copper credits then and could be updated to double and only drilled to 100m deep with the potential to continue at depth given some of the sniffs they have already deeper ... its a monster.. its PODZILLA.
Exciting times if they can then show what's open at depth and further increase an already substantial deposit. Maybe their guidance of 3-5m oz precious metals is achievable, then I don't see why it can't validate a loose discounted peer comparison against Chalice's Julimar.
Obviously different deposits for a host of reasons, some of which being being lower nickel and at current drilling - smaller size deposit. But if it could shape up to be 30-50% of Julimar - Chalice is a $2.4 billion dollar company mainly riding on Julimar...
My main concern is metallurgy and therefore CAPEX and OPEX of a PGM deposit as I am very weak in that area..
POD Price at posting:
42.5¢ Sentiment: Buy Disclosure: Held
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