I must admit that I hate making predictions on prices of stocks as I find it is like trying to pick the Melbourne Cup winner.
"How much do you think the Cs is worth?"
The Cs have changed sooo much since we first heard about an off-take and, we still are waiting for the latest drilling results to have an idea of just how much is there in total.
Remember, as no one else has commercial quantities of this stuff, we will basically be "first movers"in the cesium business.
This is from memory, the memory that is of an old guy who forgets a lot these days, but I think David was hoping to end up with about $10 million after costs from the mining. Without going back through things, I think that is correct but, please correct me if that is wrong.
I have not kept that firmly in my mind as I know it has now changed.
I think there are at least two possible off-take buyers in the wind, and so, one would think that they must expect to have a fair amount of cesium to be able to service both.
I know this is dodging a bit, but , I suppose if there is twice as much now, then multiply by two, and if there is ten times as much, then probably multiply by eight as it will not then be a scarce as it was.
"What should/will PIO do with the proceeds?"
& "What is the next cab of the rank and when?"
Straight to Crown Casino for all of us to double it. lol
Personally, I think they are chasing the cobalt and will want to drill that to determine what that is worth, and how economic it is to mine.
David has always said that it would give them the money to chase up their other prospects and cobalt seems most likely to me.
People are worried about others miners beating us to the cobalt market but, it is not worth, I think , about $90,000 per tonne, because it is going to be plentiful.
Mavis Lake is obviously important and I feel they will get into that as soon as possible.
Nickel will be on the comeback trail and the ones who know what they have and are ready to move will get the best deals and make money. Nickel is also in batteries and is also an important industrial metal.
Gold? Well we have two very promising chances there with NST and with the conglomerate play.
Unless there are some big happenings with our Pilbara friends then I cannot see PIO spending much money on gold. It would be too costly and would chew through funds when we have better chances elsewhere. Let the neighbours do the heavy lifting. I know that is not what Shamer wants to hear, and I understand that, but it is important for PIO to do the best by it's shareholders.
"How long is PIO away from regular cash flows."
This is totally a guess as they will need to get some cesium out of the ground and delivered before we can expect cash to flow.
I would think that with mining expected mid year, that six months from now should be possible to start having new money in the bank. Personally I also think that the income may not just be a big lump at the start but, could well morph into a steady income flow over several years.
"What do you think the company will be worth 12 months forward?
5 years forward?"
This is the tricky question right here.
I would hope 6c to 10c on the announcement of a good off-take and I would hope 15c to 20c within a year.
50c within three years will give me vindication and a good retirement.
Imagine if we have the money we can be drilling everything that moves and all of our prospects are promising which should give us a news flow equal to any of the best explorers.
They can put on more geos to handle it all but, if you have the money then that is very possible I think David is taking the best way through to success with the least amount of risk.
As Benny Hill would say "ROTTSA RUCK " to all holders.
Lockitt
PIO Price at posting:
2.5¢ Sentiment: None Disclosure: Held
