Moblan? That will surely overtake this in terms of time frame to production as a new and growing North American hard rock deposit. You said it, just replying to that point that no other deposits can overtake in terms of getting to production first.
Overall, fantastic result from PMT, 109mt is huge and at 1.4%. Does it justify a $2b MC at this very early stage without even a PFS and being in such a remote location without even a workers camp? I'm not sure. Will this continue to grow, undoubtedly. Will this require huge capex and time to get to production, obviously. You cannot compare this to LTR, LLL, SYA etc at this early stage.
For comparison and keeping it in Quebec; for example Sayona is in production in Quebec right now with a 100mt resource at NAL (not as high grade as this) and also with over 50mt currently (increasing) at Moblan with similar grade to this with DFS for that deposit by end of year... yet is only valued at $1.5b currently....?
I think the current price is fairly reasonable for this, there is a VERY long way to go especially based on this location, just thoughts, this is a phenomenal MRE, easy to get blasé... but the market cap is already VERY high for such an early stage explorer imo.
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