Ann: Quarterly Activities Report, page-4

Heads up, this stock and lithium sector is a no brainer, even more so now with confirmation that lithium sulphide & hydroxide prices are on the march.

Awaiting market confirmation now that the lithium concentrate prices have surged 20-30% for the December 2020 quarter, a substantial increase and the first since the September 2018 quarter. Times are a changing for all and sundry …

https://www.caixinglobal.com/2021-0...as-electric-vehicle-sales-grow-101649929.html

https://www.australianmining.com.au/news/lithium-prices-move-out-of-gloom/

Lithium stocks gain on China news - MiningNews.net

With the ever increasing and improving lithium market factors/indices/sentiment etc etc combined with the proposed catalytic IGO proposed minority acquisition of Greenbushes and now that the Biden X factor is in play, then a Au$50M market cap is easily achievable in the short to medium term if the Periodic Table exploring BoD’s stop with the ADD and exclusively target with haste the soon to be sought after Dome North lithium asset (page 6, qtrly report) …

Plenty of project upside there … the mid point of the Pioneer North conceptual target of 25-35Mt @ 1.2-1.4% Li2O (0.30-0.49Mt contained Li20, current JORC resource is 11.2Mt @ 1.25% Li2O for 0.14Mt contained Li2O) is identical to the current combined inground published JORC Resources of both Bald Hill (nee A40) and the Buldania-Anna (LTR) deposits, but at a much higher grade.

The Pioneer North spodumene bearing lithium project still has the hallmarks of being as a minimum, a value adding much sought after high-grade lithium satellite deposit that will complement Bald Hill, Buldania-Anna etc as a feedstock to a much larger concentrator plant in an infrastructure well endowed “highly prospective region”.

Make no mistake that the chances of the spodumene assets being able to take this Company to a +$50M (+28c fps) market cap are undeniably far greater in the near term than the rest of the other Periodic Table Elements being explored by PIO or their JV partners, now that the lithium sector is not on the nose and making plenty of noises of the right futuristic kind again.

Either ways PIO at 10.5c ($21M mcap) is currently still undervalued, looking forward to no more BoD ADD activities, fingers crossed on that one etc.

Hopefully the March quarterly report will be lithium-packed after the BoD’s refocus yet again. A very Happy New Year to all shareholders, old and new … Bye …

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Sometimes the questions are complicated and the answers are simple.
~ Dr Seuss

Notes:
Lithium concentrate prices by quarter:
March 2021 qtr US$ we are here now and the sky is the limit
Dec 2020 qtr US$ 503-546 per dmt (~20-30%), projected – awaiting confirmation
Sep 2020 qtr US$ 420 per dmt (0%)
June 2020 qtr US$ 410-423 per dmt (-2%) reported by Benchmark Minerals
Mar 2020 qtr US$ 419-430 per dmt (-18%) reported by S&P Global Platts/Benchmark Minerals
Dec 2019 qtr US$ 520.92 per dmt (-14.5%), Mar 2020 quarter – MIN no longer reporting received price.
Sep 2019 qtr US$ 608.95 per dmt (-11%)
Jun 2019 qtr US$ 682.38 per dmt (-14%)
Mar 2019 qtr US$ 791.84 per dmt (-14%)
Dec 2018 qtr US$ 930.80 per dmt (-13%)
Sep 2018 qtr US$1070.80 per dmt (+11.5%)
Jun 2018 qtr US$ 960.00 per dmt (+6.5%)
Mar 2018 qtr US$ 900.00 per dmt (+7.0%)