Ann: Patriot Extends Strike of the CV5 Pegmatite, page-13

I just got this in an email ...Thu, 8 Feb at 9:32 am


Thursday, 8 February 2024

PMT - PATRIOT BATTERY METALS INC

Macquarie rates PMT as Outperform (1) - Patriot Battery Metals has reported assay results from 12 drill holes at CV5, noting strong grades. The strike length of CV5 has now been traced to some 4.4km with assay results for an additional 0.2km of prospective strike length still outstanding.

There could be a material resource upside in the March Q update, Macquarie suggests, due to additional drilling which has been highly successful in extending mineralisation.

Outperform and $2.10 target retained.

Target price is $2.10 Current Price is $0.75 Difference: $1.35 If PMT meets the Macquarie target it will return approximately 180% (excluding dividends, fees and charges). The company's fiscal year ends in March.

Forecast for FY24:

Macquarie forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 10.11 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 7.42.

Forecast for FY25:

Macquarie forecasts a full year FY25 dividend of 0.00 cents and EPS of minus 12.01 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 6.24.

This company reports in CAD. All estimates have been converted into AUD by FNArena at present FX values.Market Sentiment: 1.0All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources