PIO market cap is being driven by recent announcement with the assumption this represents the *only* resources available to PIO.
The price is not taking into account other projects valuations or tenements, just a focus on most recent news from one sidelined tenement.
Next newsflow (due shortly) will focus on spodumene and gold tenements, and these assays are imminent. I'm holding through this turmoil on account that news is imminent + market cap undervalued.
PIO are well diversified. If they were a one hit wonder with poor results, there would be far less investors keen to hold through this volatility.
PIO market cap is being driven by recent announcement with the...
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