POTUS is expected to waive certain permits to move new CRM projects to development status BUT even then it is recorded that these projects still remain 4-5 years from production.
PPTA up 15.5% to USD 17.33 ps in late afternoon trade & MarCap is now CAD 1.7B (+CAD 220m / ~ AUD 240m).
PPTA requires USD 2.4B to fund its gold/antimony mine and need a USD 2B EXIM loan repayable over 15 years.
It's the USA & crazy but PPTAs overnight increase in not far off the AUD 260m MarCap of LRV who hold mining leases, a production plant, mine infrastructure and long term resources.
LRV permit amendments are progressing along with a modest funding requirement of $150m that can be repaid in less than 9 months (not years).
I remain confident that confirmation of permits & project finance will be received shortly and HILLGROVE will be in production Q2 of 26 & generate very solid earnings as the major western antimony miner.
AIMHO / DYOR / GLTAH
LRV Price at posting:
63.0¢ Sentiment: Buy Disclosure: Held
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