https://hotcopper.com.au/posts/61510145/singleNot updated for...

Still happy with my basic model for POD:

- low cost starter mine: https://hotcopper.com.au/posts/61131193/single- more ambitious, higher volume mine: https://hotcopper.com.au/posts/61196049/single

Few seem to have spotted:
- the long term need for PGMs (incl Rh and Ir) to provide clean air and enable the hydrogen market
- the need for traceable sourcing from high ESG-compliant mines in Tier 1 jurisdictions
- long term impact of Russia being removed from supply chains
- Canaccord insiders large holding (Chesapeake, Manford, Moises)
- the involvement of Rodney Baxter with Tier 1 PGM expertise from Anglo Platinum and $bn M&A (ConsMin)
- strong potential for $30bn+ in situ value, mostly shallow pittable, with further potential for underground later
- low cost atmospheric pressure leaching/concentration process that has been worked on by leading experts since 2018
- all for a market cap of $115m

Asymmetric opportunity IMHO.

I also hold GAL (since 2020). M Creasy didn’t buy more shares at 58c for a bit of upside. Share price moves will be interesting to watch from here.

Eric Sprott bought into PGM on TSXV in 2021 as he reckons Rhodium has strong prospects.

SBSW remains optimistic about the prospects for their Tier 1 PGM business. Anglo American Platinum ditto.

All of this reinforces how much latent value is hidden in POD, a much more advanced PGM project than so many other prospects.

https://hotcopper.com.au/posts/61510145/single

Not updated for recent capital raising etc - reckon a smaller starter mine might also work.