Chartrader, I think you've missed the point. Remodelling and reprocessing of this data has served to confirm the initial significant gold prospectivity, and has also shown strong Ni results in soil auger samples, potentially suggesting the presence of nickel either in sulphide or laterite form (depending on the oxidisation). 40 Mile is a huge area at ~78km sq, and they are one heritage survey away from driling.
I'm a holder of PNT more for the 40 mile deposit despite Coglia being potentially a very large commercial deposit, and i'm really excited about the prospect of a drilling program coming up. Its really not a flimsy announcement if you take the time!
PNT Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
