Predictive have highly likely increased their eventual resource by perhaps a best guess estimate of 40% with the discovery of the high grade core... because it means they can access some very high NPV cash flow and get it quicker, this is $$$ in the bank. This will allow them to mine underground (should it continue down dip as expected) and means a previously marginal project (considering the country risk) has now become very economic IMO (in spite of the country risk) plus a likely much longer mine life if HG continues several hundreds of meters down dip as is common in orogenic systems such as this. Thus the reason for the immediate large gap up on announcement and the reason price has not only held but appreciated. Normally I pay attention to TA on a junior explorer however PDI has now entered the realm of highly probable medium term developer/producer (if a deal isn't done before then, which it probably will be), if price drops towards 10c (barring a global black swan event) I will be loading up as will the fundies and pros. Bring on the next 12 months and some good SP appreciation!
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Predictive have highly likely increased their eventual resource...
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Last
27.0¢ |
Change
-0.010(3.57%) |
Mkt cap ! $634.7M |
Open | High | Low | Value | Volume |
28.0¢ | 29.0¢ | 26.5¢ | $1.502M | 5.333M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 114722 | 26.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.5¢ | 17000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 114722 | 0.265 |
5 | 200000 | 0.260 |
2 | 55000 | 0.255 |
5 | 281658 | 0.250 |
2 | 145000 | 0.245 |
Price($) | Vol. | No. |
---|---|---|
0.275 | 17000 | 1 |
0.280 | 180662 | 3 |
0.285 | 100000 | 1 |
0.290 | 168500 | 6 |
0.295 | 102000 | 2 |
Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
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