A few points to note when considering the current $12M PNN MC: - PNN holds mining rights over 40,000ha of potential lithium brine resources in the Salta province, in the same 'Lithium Triangle' as ORE ($1bn MC), AGY ($200M MC), and LKE ($45M MC at similar stage of development); - PNN has 7 projects across these tenements, any of which could be company-making; - Projects are close to road and/or rail transport links for easy offtake; - Drilling to start this month on Salar de Pular project; - Drilling permits lodged for project on Rincon Salar, with expected start in December 2017. - PNN also has nickel, copper, diamond and other base metal projects in Australia. Lithium brine companies shouldn't be rated based on size of tenements...all a company needs is one good project site to scale up quickly to 10Mt pa production, which is equivalent to the existing medium-sized players are currently producing. I reckon the market should get re-rating first thing Monday!
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13.0¢ |
Change
0.020(18.2%) |
Mkt cap ! $12.03M |
Open | High | Low | Value | Volume |
12.0¢ | 13.0¢ | 12.0¢ | $30.37K | 238.1K |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 73777 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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14.0¢ | 138671 | 6 |
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No. | Vol. | Price($) |
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3 | 73777 | 0.125 |
2 | 107833 | 0.120 |
1 | 30000 | 0.115 |
5 | 224089 | 0.110 |
3 | 150000 | 0.105 |
Price($) | Vol. | No. |
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0.140 | 138671 | 6 |
0.145 | 66726 | 2 |
0.150 | 147941 | 4 |
0.155 | 65435 | 4 |
0.160 | 14099 | 2 |
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