Comparing with a similar company, I would say its Wealth Minerals that had a 50/50 JV with another company, it had a market cap of $200 million when it acquire several lithium projects, including Salar de La Isla. The lithium concentrations ranged from 220 mg/L Li to 1,080 mg/L Li; the average lithium concentration of 68 samples was 863 mg/L.
If Pular were to score a similar lithium concentration to Salar de La Isla of 863 mg/L, I wouldn't be surprised to see PNN's market cap skyrocket to near 200 million.
& do take note, Wealth Minerals had a 50/50 JV which PNN doesn't and owns the right to Pular.
I would say the upcoming catalysts would be
1) Pular results
2) Off-take agreement
3) Pumping testing well to be successful and turn into production as soon as possible
- Forums
- ASX - By Stock
- Ann: Salta Lithium Project Exploration Update
Comparing with a similar company, I would say its Wealth...
-
-
- There are more pages in this discussion • 31 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PNN (ASX) to my watchlist
|
|||||
Last
8.7¢ |
Change
-0.004(4.40%) |
Mkt cap ! $9.579M |
Open | High | Low | Value | Volume |
9.1¢ | 9.1¢ | 8.7¢ | $34.41K | 386.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 122476 | 8.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.0¢ | 37550 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 122476 | 0.087 |
2 | 30000 | 0.084 |
2 | 66585 | 0.082 |
1 | 8950 | 0.081 |
3 | 160000 | 0.080 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 37550 | 2 |
0.105 | 30000 | 2 |
0.115 | 30000 | 1 |
0.120 | 53000 | 2 |
0.125 | 4800 | 1 |
Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
Featured News
PNN (ASX) Chart |
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online