Ann: PMT Provides Operational Update for the Corvette Property, page-42

I posted a few valuation comments in this post.

https://hotcopper.com.au/posts/68688889/single

At the moment the MC would reference a 120-140 MT MRE.

Maybe a slightly higher valuation could be justified because of jurisdiction, access to power and the initial costs related to processing. Maybe countered with the fact risks remain around lake logistics and the ESIA.

Whats indicated and inferred will be interesting given the early stage drilling into CV13.

And speaking of CV13. If one was to look through rose colluded glasses and draw a line from CV5 to 13. What if it was all mineralised? How would PMT be valued then.

There’s a very high probability that whatever is announced will be the very baseline case. Given the other pegs that are yet to be interpreted or drilled across the properties.

For holder another positive for holders is that they have continued to drill CV5. If they were not going to hit the numbers I’d expect that the MRE would have been delayed and we would have seen more drilling activity across at CV13.