1 yr with common base of the 3 main ASX, WA based PGM plays which have an existing resource of note. For the most part they move quite similarly.
Theres is just zero interest in the space at the moment aside from GALs discovery and drilling. Valuation isn't inflated and whats inground isnt going anywhere. There are nearology plays to GAL that have bigger market caps. A lot of despair from CHN, FME, POD shareholders across the board. Market blows hot and cold and things can turn around pretty quick with the right conditions. Having a large resource sets a marker which can be reverted back to when conditions improve.
FME Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
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