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Market Cap of S32: 19270 million Market Cap of PM1: 5 million!...

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kynrazor

508 Posts.

378

12/01/18

03:45

Post #: 30243470
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Originally posted by nytryda ↑

I know this will be construed as downramping, but I don't hold and will never hold so it doesn't bother me. The hits so far couldn't even manage double figures (9m) and the grades are low. The only thing going for it is that it is shallow with only one half decent drill hit in there. You guys better hope they save some of the better stuff for later. There was a good reason why this was sold down today and it's not because the market was down. If you still think I'm downramping, compare this with South32's manganese project sizes and grades to get an idea of what market cap it should be sitting at.

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Market Cap of S32: 19270 million
Market Cap of PM1: 5 million!

Seems to me you're already giving these tenements zero value. Well, we shall see if that's the case.

PM1 Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
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