was looking at this the other day , you make a compelling comparison to AXN-ASX . They sit at $40m mc currently and have appeared to have reversed off there down trend. That’s 7x this market cap for what was around double the current resource plus their off take and slightly higher grade.
Now looking at where we have drilled to extend JORC i won’t be surprised if it grows by 50- 100% , they are practically testing double the initial area. It’s been almost 11weeks since drilling completed so surely we know within days.
Once new pegged area is awarded this could likely be a far bigger combined JORC resource than theirs.
In my opinion this should go back to the 20c+ (IPO price) sometime in the near future. It will still be less than half the value of AXN at that point.
PNT Price at posting:
7.1¢ Sentiment: Buy Disclosure: Held
