Well, in theory, PIO may well encounter a steeper uptrend than I have marked on the chart so the time-line on 1st and 2nd targets may be out. That said I felt it was better to put a more conservative line in because it's the drill bit that tells the picture in the end but the chart certainly seems to be expecting a pretty reasonable move to the upside over the next few months.
We obviously await an update on drilling to discover at what velocity we achieve the initial targets but achieve them we will in my opinion. Fingers crossed.
Completely irrelevant from a b2b perspective but what a horrible logo!
PIO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held