Despite the possible met. issues associated with PGE deposits,...

Despite the possible met. issues associated with PGE deposits, Podium Minerals is the cheapest precious metals player on the ASX compared to other gold explorers which typically trade at in ground enterprise values of between $50-90/oz. POD is about to get even cheaper when they announce their resource upgrade next month:

* At 6.1cps POD MC $15.78M, NTA $4.48M, EV $11.3M

* Current resource of 1.14Moz Gold PGM JORC equates to an in ground EV of $9.91/oz

* Completed drill campaign targeting 1.5- 2.6Moz connected the Western and Central Resource Blocks of Parks Reef

* Low case scenario 1.5 Moz Gold PGM JORC equates to an in ground EV of $7.53/oz

* Medium case scenario 2.05 Moz PGM JORC equates to an in ground EV of $5.51/oz

* Best case scenario 2.6 Moz PGM JORC equates to an in ground EV of $4.35/oz

* Parks Reef exploration target of 3.1 - 5.8Moz

* Potential new 1.2km long extension to the western flank of Parks Reef

* Over the last 6 months Platinum price is up 53%, Palladium is up 46%, Gold is up 32% & Rhodium up 530%

DYOR