PMT

4.30%

44.5¢ patriot battery metals inc.

Hit the nail on the head....with you all the way...

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Kailash70

856 Posts.

56

08/12/22

22:24

Post #: 65230067
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Originally posted by Vodski: ↑

Great IPO, huge run, but surely people must see that this is now valued at over two thirds the market cap of Sayona..

Now let's compare for a moment, because it is actually very important.

Sayona is about to go into production with a fully built plant and mine with resource of over 100mt at NAL alone, then Authier, Tansim, Jourdan acquisition, and of course the likely soon to be announced monster of Moblan which could now be over 100mt. Many believe Moblan could be very much larger than initially thought, they've got 34,000m of drilling complete with assays pending about to be announced by January with PFS compete by May. Then there's the new 1000sqkm acquisition of Troilus property adjoining Moblan, Lac Albert, and a 10% stake in Troilus itself. They also have multiple prospective claims in WA.

They also have a half built carbonate plant with downstream PFS underway back down at NAL with over 100 employees on site, multi million dollar rail contract, $250m mining operations contract digging, transporting and stockpiling ore as we speak. Oh, and Sayona has over $100m in cash and another $200m at their disposal in a finance option.

So let's think for a minute, therefore either:

- Sayona is the most undervalued lithium stock on the ASX right now (which could very well be true)
or
- Patriot is in crazy overvalued speculation territory at this price and that bubble could burst very hard.

Now I'm not declaring which statement is true or making any stance here, Patriot are clearly onto a huge body of spodumene up there no doubt, not up or down-ramping (I bought and traded PMT yesterday and today and did very well, wish I'd bought more in hindsight obviously), but you need to have a serious think about this comparison for a moment imo now their market caps are actually getting close since this IPO...

Just my thoughts, good luck to all, it's been a fun couple of days watching this go to the stratosphere tbh.

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Hit the nail on the head....with you all the way...

PMT Price at posting: $1.76 Sentiment: None Disclosure: Not Held
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(20min delay)
Last 44.5¢		Change -0.020(4.30%)		Mkt cap ! $264.9M

Open	High	Low	Value	Volume
45.5¢	45.5¢	44.5¢	$678.8K	1.508M

Buyers (Bids)

No.	Vol.	Price($)
14	283330	44.5¢

Sellers (Offers)

Price($)	Vol.	No.
45.0¢	6560	1

View Market Depth

No.	Vol.	Price($)
12	278850	0.445
7	47068	0.440
2	123000	0.435
1	58139	0.430
4	194718	0.425

Price($)	Vol.	No.
0.450	6560	1
0.455	14800	2
0.460	100000	2
0.465	124000	2
0.470	56769	2

Last trade - 16.10pm 11/10/2024 (20 minute delay)

PMT (ASX) Chart

Hit the nail on the head....with you all the way...

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

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Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Hit the nail on the head....with you all the way...

Top Stories

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

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ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

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Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News