It's clear why you invest in PMET.
How this game works is way over your head.
This may blow your mind but consider this.
Renard cost a billion dollars to construct.
Yet it is not worth a billion dollars to anyone really but Winsome.
And even then, some of what it provides cannot be simply priced.
The grade is not an issue - Winsome didn't spend shareholder resources twinning holes to bring the grade up like our friends did at PMET.
PMET was 100% a pump factory and didn't sell when the going was good.
Now it has the cold hard reality of trying to make it look like they could build an economic mine there.
It's the sheep that keep the MC of PMET artificially high and those who hope the pump sentiment will protect its value.
Good luck with your investment thesis.
It's clear why you invest in PMET.How this game works is way...
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Last
$1.24 |
Change
-0.065(5.00%) |
Mkt cap ! $235.6M | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.32 | $1.24 | $1.102M | 872.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 9005 | $1.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.24 | 548 | 1 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$1.24 |
Change
-0.065 ( 5.15 %) |
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| Open | High | Low | Volume | ||
| $1.30 | $1.32 | $1.24 | 248989 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| WR1 (ASX) Chart |