There has been some news from Justin in recent videos :
- 4000metres of drilling completed out of 10000metres planned - Assays are in labs with 1st batch expected Late Oct to early Nov (i.e. soon). - Believe they will be expanding resource significantly
It helps when you're drilling into a 2.4Moz PGM & Gold JORC resource and know what's coming. Incredible that the market hasn't cottoned onto this yet, but it will soon be noticed.
FME Market cap as of today is $62mil, being priced as an explorer, not as a company with a proven resource. We haven't seen a Mineral Resource Estimate from Chalice Mining's (CHN) Julimar PGE-Ni-Cu discovery so would be interesting to see what that looks like and how it compares in terms of grade and size to the Panton project. CHN's current market cap is a cool $2.46Bill (~40x greater than FME) as a point of reference.
FME Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
