PWN has developed technologies to improve the way mines treat brines whilst also increasing mine profits. For at least the past 6 months, management has been focused on striking a contract with a large player. Once an initial contract is struck, it's reasonable to think that others will follow.
It's a matter of when. They have $8m in the bank which is sufficient for a few years. It's also listed on the Deloitte Australian Cleantech Index of 90 ASX stocks that have ESG credentials. Credit Suisse have recently bought in.
There's substantial support at 1.2c (30m+ orders, compared to today's trade at <3m shares) so it's reasonable to think it won't drop below 1.2c.
There's a lot of detail on the PWN forum which I won't repeat here. Worth a shot at this price with any cash you're happy to park for a month or more.
