i think the biggest problem is mining the deposit . I mean 2k down by 15 meters wide by 15k long .. How would this be done? The best outcome for POD would be for a company with deep pockets to take it over via a share swap, then sit on it, and work the mining logistics. If it was mined and processed into a concentrate on-site, it would probably need a billion-dollar plant . I predict more capital raises when they run out of money. In the end, when capital raises fail , it will probably be sold to, or taken over by another company. A dam shame , but mining is a tough game. Challice CHN should do a share-swap for it. Traditionally, management sits on these companies and gets the public to finance them, swapping management periodically. look at Australian Mining for example.
I could imagine a circular bore to extract the mineralized ore, but would it need to be 2k long? i don't think it's going to happen, at least not in the short term
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podium minerals limited
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Last
5.5¢ |
Change
-0.001(1.79%) |
Mkt cap ! $44.51M |
Open | High | Low | Value | Volume |
5.7¢ | 5.7¢ | 5.5¢ | $10.37K | 185.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 51259 | 5.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.6¢ | 82146 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 218860 | 0.054 |
2 | 197735 | 0.053 |
3 | 260985 | 0.052 |
2 | 109803 | 0.051 |
4 | 108000 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.056 | 87092 | 3 |
0.057 | 294255 | 2 |
0.058 | 188679 | 2 |
0.059 | 126837 | 1 |
0.060 | 297843 | 3 |
Last trade - 10.40am 16/07/2025 (20 minute delay) ? |
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HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
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