With respect to talk of a Capital Raise, they won’t be doing it...

With respect to talk of a Capital Raise, they won’t be doing it through PMT, it will be done IMHO through PMET as Flow Through tax effective funding. Flow Through funding is big in Canada. People on the ASX probably haven’t seen the last big CR was $20m at $13 late last year when the price was trading at $6.50. One fund took the lot from what I recall. Flow Through funding is tax relief for investors and this money must be raised and used in the tax year to drill out the project in Canada. When they did the last Flow Through I also recall the broker who put this away saying that the next Flow Through window opens circa May 2023. If PMET were to do another round now (but they can’t now) it would be done at around $32 a shares. This next round will then need to be spent in the 2023 tax year ahead. So talk of a road show through Australia as a precursor to a placing is just wrong.