PMT isn't being slaughtered - its being brought back to a level indicative of its LCE pricing and Capex requirements.
Wr1 have 215 SOI at 83 = 176-54mil cash 122mil EV
Capex for Renard ~200mil
ETA 2028
PMT are 750 EV, but i could be out.
Capex 1.2billion easy. They need road south, trans tiga and Billy Diamond will not be approved.
Cv13 is on mitissini lands, while cv5 is on chasisbi lands.
ETA will never be 2028.
LCE values
WR1 $55 per tonne LCE
PMT $197 per tonne LCE
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