I'm not concerned about the price. Yes, it would be nicer if it was higher but...
I look at it this way $1.80 / $16.00 is a floor now for PMT/PMET. 2 months ago they were hopeful levels.
More assays next week, worst case the following week. Then before you know it. The MRE will be here. That's a massive, massive step and makes this asset a lot more real to the market.
In the next 1-2 months I think PMET moves into a $20-24 trading range and PMT moves into a $2.10-$ 2.50 range.
Then we get peppered with MORE assays over the next 6 months. Plus any corporate activity, which could make the above conservative. It's just not going to stop with PMT. This is just going to go higher and higher. Let the market do it's thing.
PMT Price at posting:
$1.80 Sentiment: Buy Disclosure: Held
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