You can only drill so many holes. Unless this things produces spod at a profit there is no real value with their deposit. Its just more sh!t in the ground .
At about $1 billion valuation now it needs to do more than just drilling. Permitting over a great lake will always be hard and arduous. This deposit in Quebec faces very high operating expenses and transportation costs with an anemic lack of infrastructure. Just look at SYA Sayona as an example.
Im afraid you were sold hype and many bought into it unfortunately.
You can only drill so many holes. Unless this things produces...
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Last
29.5¢ |
Change
-0.020(6.35%) |
Mkt cap ! $174.0M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 31.5¢ | 28.5¢ | $2.132M | 6.961M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 42338 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 562281 | 3 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| PMT (ASX) Chart |