POD 10.7% 3.1¢ podium minerals limited

Yes I really like all of POD forward outlook and if all goes to...

  1. 13,120 Posts.
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    Yes I really like all of POD forward outlook and if all goes to plan the SP will be much higher as its we know in the past the SP can get a good run on if the market sentiment changes esp to Platinum which POD at present has the largest Plat resource in Aus... could we see in time Pt flip with Pd and once again take the mantle with a much higher $2koz+ price on predicted demand outstripping supplies >>>>Platinum is more than ten times rarer than gold.

    Come across this From SPD IPO >>

    Current Developments in Terms of New Supply and Exploration
    Current developments in terms of new supply and exploration are limited and there is a dearth of
    exploration and possible new supply worldwide. The low hanging fruit has been taken and very few
    if any close-to-surface low-cost ore resources are still available.

    As there are literally only five major PGMs complexes worldwide that have been discovered in the
    last 120 years, there is very little chance that more will be found. PGM containing complexes contain
    “heavy” rocks with relative densities 3.2 to 3.6 times the weight of water compared to light rocks
    which dominate continents (comprising granite, sandstone and gneiss) which have relative densities
    of 2.6x. Gravity surveys can detect this difference up to 1,000 m in depth.

    As the whole world has been explored (mostly by aerial surveys) for heavy rocks, it is highly likely that all heavy rocks have
    been drilled and new Greenfields complexes unlikely to be discovered shallower than 1,000 m.

    Major new supply from a discovery is not likely. Brownfields drilling in South Africa (Southern
    Palladium, Jacomynspan and the Northern Limb of the BC) and Zimbabwe (Karo project) and the
    Julimar project in Australia, which seems to have a small rich but geologically and mining
    complicated orebody, is taking place on a limited basis due to the paucity of PGM bearing orebodies
    shallower than 1,000 m in depth worldwide.
    Last edited by Sharetrader78: 11/04/23
 
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