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On the logarithmic scale looks like we could see an Elliot wave happening.
Wave 2 being quick and sharp
With potential wave 4 what we could be in now as shallow and more drawn-out which coincides well with the spp process.
We could see a test of the 50ema around $1.80ish
Which would be a 30% drop from ath which is what I expected if you refer to my last post on wr1 charts on the draw downs on the pmet chart ranging from 30 to 40% always coming back to the ema's.
After the spp is completed we could see wave 5 top out over $3.40
As for the who's got better results pmet vs wr1 imo pmet are insane and wr1 outstanding both well above average this isn't a contest both are going to be mined and make billions.
All wr1 needs is consistent hits above 30m and 1.2% and that's exactly what we're getting and continue to get with such an aggressive drill program all you have to do is wait for a jorc.
Pmet Lake issues yeah abit longer for environmental approvals and slightly higher upfront cost but I the bigger picture this is a drop in the lake to the shear size, grade and cash they will make the long term I don't see this a big issue every project has some cons.
It would be silly not to expected extreme volatility in a stock like this
Gltah cheers
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Price($) | Vol. | No. |
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