heartening for holders a small build-up of buyers with twice as many shares bid (249,599) by 13 buyers up to 35.5c compared to shares offered (124,285) by 9 sellers up to 84c. with only 37,100 for sale up to 40c.
Only 29,834 traded so far today for a paltry $10,600 and any good news re funding of Obotan, EPA approval or a favourable resource figure for Dynamite Hill would set a light under the sp imo.
Have done a back of envelope comparison against PIR which has a M/C 2.5 times more than PVM for slightly more tonnage at again a slightly higher grade.
PVM is at least 12 months further down the track to producing and also has extensive exploration areas.
PVM M/C $147M @ 35.5c.
PIR M/C $373M @ $1.105
Food for thought?
PVM Price at posting:
35.5¢ Sentiment: Hold Disclosure: Held
