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
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Mkt cap ! $12.66M |
Open | High | Low | Value | Volume |
12.0¢ | 12.0¢ | 11.5¢ | $20.58K | 176.8K |
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No. | Vol. | Price($) |
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7 | 294889 | 11.5¢ |
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Price($) | Vol. | No. |
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12.0¢ | 62665 | 1 |
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No. | Vol. | Price($) |
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7 | 294889 | 0.115 |
4 | 647000 | 0.110 |
5 | 287500 | 0.105 |
10 | 280500 | 0.100 |
3 | 530000 | 0.091 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 62665 | 1 |
0.125 | 50000 | 2 |
0.130 | 131303 | 3 |
0.135 | 60000 | 3 |
0.140 | 149960 | 5 |
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