I think Poet Plus has the answer. Production is the key.
As a comparison I hold stock in AVB, MEL and PEK
For those who don't know them, MEL has enormous uncommitted Natural Gas and CSG finds in northern NSW. Someone will buy them soon but meanwhile the share price languishes.
PEK has just had its maiden JORC for Rare Earth proving up enormous reserves which make it the 4th largest in the world outside China. But after an initial spurt the share price languishes.
AVB has maybe $3bn of copper in the ground and an HG zone with hot spots up to 50%cu. Amazing! It also has all the right connections but at the moment the share prices languishes.
I think the message is quite clear.
So
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- ASX - By Stock
- AVB
- we all know the answer
we all know the answer
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