PNN 4.40% 8.7¢ power minerals limited

Comparing with a similar company, I would say its Wealth...

  1. 73 Posts.
    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
    Last edited by Kendrick93: 24/01/18
 
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