Here we go again
That's great and it looks like you are learning real quick on charting since your original post, keep it up dude.
$1.......yeah maybe a little too soon but sentiment can change very quickly. I'll mention CXO (let's see if this get's moderated as off topic? Doubt it since it's not one of your holds I dont believe) as it was dumped heavily to 94c with over 8% shorts outstanding and 5 trading days later it's up to $1.20 and will most likely head higher on Monday, so shorts will need to cover.
38 drill outstanding on PMT with 5 rigs set to go in a few weeks time. There's the eastern block of CV5 that has a couple of huge intercepts that will be released either net week or the week after - 157m & 131m and then there's CV13, so potential is there for a continuation of CV5.
Conservative low ball estimate for MRE is 100mt. KB & Blair mentioned it will be higher.
So rule of thumb is every 10mt = $150m market cap
After this round of 20,000m drilling, PMT could define a 200mt resource by the time they deliver their maiden resource in June.
This should be trading at around $1.3B cap now based on 100mt, let alone the 200mt that will most likely be announced in a few months time.
Let's see who's right. Your 60c or my $1?
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Last
50.5¢ |
Change
-0.015(2.88%) |
Mkt cap ! $314.6M |
Open | High | Low | Value | Volume |
51.5¢ | 52.0¢ | 49.5¢ | $896.3K | 1.779M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 35600 | 50.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.0¢ | 90348 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 35600 | 0.500 |
3 | 55050 | 0.495 |
6 | 74540 | 0.490 |
5 | 135138 | 0.485 |
5 | 42766 | 0.480 |
Price($) | Vol. | No. |
---|---|---|
0.510 | 90348 | 3 |
0.515 | 55681 | 2 |
0.520 | 21171 | 2 |
0.525 | 18811 | 1 |
0.530 | 80000 | 3 |
Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
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PMT (ASX) Chart |