read through the PDY and GPN (former code) posts to see why .... takes some time, but best way i think ... in a nut shell, they are drilling Iron Ore prospects, and the market is getting wind of the potential quality of their ground - rock chip samples assays are very very good.... fingers crossed the drilling already underway confirms high grade, low impurity Fe ore, and then the SP should re-rate further to give a more reasonable (higher) market captialisation for PDY .... say around $60-90 million .... current MC = $35 million
PDY Price at posting:
3.4¢ Sentiment: Hold Disclosure: Held