PIM Director do like the value proposition of the PIMO at 3c - loaded up 1million oppies for $30k cash outlay.
If PIM do this right - show the market good visuals of pegmatite outcrops, rock chip sampling with XRF readings and possibly rock sampling with florescent uv - we could see our current 16c sp with enterprise value of just $4mil re-rate to about $15mil which translates to a sp of 50 cents.
This would put PIMO options in the money with 25c exercise price and if exercised would see $11mil raised for further exploration works.
Peer comparisons with LLI they were as high as $90mil market cap just afew weeks ago, currently sitting around $50mil mc.
LU7 currently at $20mil mc so even reaching $20mil would see PIM sp of about 40c+
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Last
4.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.818M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 62500 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.7¢ | 47153 | 1 |
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| Last trade - 16.21pm 22/07/2025 (20 minute delay) ? |
| PIM (ASX) Chart |
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