POD podium minerals limited

doubt they plan to do another CR soon. Hence why they abandoned...

  1. 8,629 Posts.
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    doubt they plan to do another CR soon. Hence why they abandoned the extensional drilling and will focus on infill drilling which I think will be only in the areas where the first 2 pits will be. Plan is to extend the cash as far as they can.
    CR probably around H2 23 in hope markets are more stable then and there is willingness to invest. Doing it now will be, as some others pointed out, expensive. Unless POD reports some really juicy Rh, Ir and/or Cu & Ni grades which can cause SP to spike around 4x which will allow POD to do another CR for another $5-$7m to allow them to fast-track the development by going more aggressive with the infill drilling.

    At least 3 years before any chance of any production with more realistic timelines of around 5 years - my own view.

 
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