Market disconnectPDM’s new update for Kaukua area deposits increased reserves by 250% to 88 mm t. These are all green metals (Ni, Cu, Pt, Pd, Co) that will see increasing demand during the coming energy transition (well maybe not Pd, but that remains to be seen) and they will be produced at the low end of the carbon-footprint curve because the mine will be supplied by renewable hydroelectricity. Yet the market crapped all over PDM when they released their update and their current enterprise value of $35 mm represents only 0.5 % of the gross value of the deposit. This is ridiculously low and illustrates the disconnect between what the mainstream media leads one to believe and what actually happens on the ground in the marketplace.