Thanks Verily1 . I'll take up my rights when offer comes

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PHIL9873

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22/09/20

09:36

Post #: 47523749
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Originally posted by Verily1: ↑

Today is a seminal day in the Company’s history. Today it matured into an altogether new level of sophistication.

It’s now funded all the way through to FID.
Institutions and strategic investors are now on-board. This is big news because their Due Diligence is absolutely forensic – this is a massive endorsement of the quality of the Sorby Hills project and the Company.
These investors have every opportunity in Australia presented to them and they only select about one in 50 and they selected PMY – their actions speak to the Company’s pedigree.
The Optimised PFS (OPFS) is superb - an internal rate of return of 46% in a tier one jurisdiction like Western Australia is phenomenal and it’s one of the facts that would have underpinned these investor’s decision to buy in.
Keep in mind that these investors have bought in at 1.8 cents – this is three times the share price of just 3 months ago. It’s a massive endorsement of the quality of the Sorby Hills project and in particular the OPFS.
We are drilling again and every time we have drilled we have grown our resource base and we have only drilled a third of Sorby Hills and none of Eight Mile Creek – there is still huge upside.
Silver. We are only at the beginning of the Global Super Cycle – and many are about to get swept off their feet. To quote @goldbear77 - “If you like to talk in waves, we are currently at the start of a new wavecycle, say wave 1 of a multi wave series. These waves are part of massiveglobal cycles and it will take time for the full wave to rise up………..……precisely like a tsunami, all you see at the start is the first tiderushing out (March 2020), then you start to see little ripples in the watermoving toward you (July 2020) then thewater rises to your ankles, waist and throat………….…….and finally you’re getting swept through the streets wondering howyou didn’t see it coming” https://hotcopper.com.au/threads/ann-retraction-of-production-targets.5503914/page47?post_id=45915169
On top of the funding announced today, a massive injection, already materially oversubscribed, we have completed the first 2 of 4 stages with NAIF who has been happy with our OPFS to the point where it has committed to Due Diligence. If NAIF funding is approved, it will have attractive and potentially very competitive terms including low interest rates. Not everyone that applies to NAIF gets to this stage as they only take the very best projects – so again it’s a massive endorsement of our project.
Gary Comb – he’s new to the team but he has successfully executed two base metal mines before. He would not have joined PMY unless he was convinced of how good the project is.
The level of due diligence undertaken on the Company in recent times is extraordinary…….and there remains a stampede to come on board.

We have a massive opportunity, team and it’s only just begun.

The Gorilla was just unleashed.

V

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Thanks Verily1 . I'll take up my rights when offer comes
PMY Price at posting: 1.9¢ Sentiment: Hold Disclosure: Not Held
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Thanks Verily1 . I'll take up my rights when offer comes

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