PMT 2.88% 50.5¢ patriot battery metals inc.

CHARTING THREAD ONLY, page-11

  1. 20,094 Posts.
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    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
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Last trade - 16.10pm 22/07/2024 (20 minute delay) ?
PMT (ASX) Chart
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