Interesting that someone is doing DD with a view to buying all of Panton platinum project from PAN. The deal for Panton is $15m for 2.110m 2PGE (I think thats how they quote it). However quite a bit in the M&I category for Panton, which we dont have.
Higher grade than ours, but going to be smaller in overall size compared to POD's.
We have an inferred resource of 1.1m oz 3PGE and our MC is $18m. Exploration target of 5.8mOz
So all things considered we can look forward to a step up MC to $95m if we end up with 5.8m resource from where we are at now. Nice.
The continuity of the structure at POD is quite good so hope there is not too much drilling required to get it up to M&I status.
Forget the Thunder Bay North stuff from this chart as this is not included in the sales, so only refer to the bottom section for Panton.
People will cotton onto POD soon enough.
Hope someone can add to this as am not a geo. Numbers are more my thang!
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