To be fair the entire precious metals mining sector has been decimated over the last 12 months. Mgmt have successfully JORCed up a 6m oz resource from surface with potential to extend at depth. POD is in the orphan/feasibility stage of the mining cycle so hot money is un interested plus throw in tax season and things are getting over sold. Happily looking to add to my long term position down here.
It seems a bit silly a proven monster resource such as POD trades less than companies with only rock chips and unproven pegmatites. But thats how the market works and thus provides opportunities for the patient.
When the PMs market turns and it will at some point POD will be is well positioned to provide massive leverage to that move.
To be fair the entire precious metals mining sector has been...
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