Comment by IgnacioCashmereon May 29, 2024 9:39pm
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Post# 36063544
RE:PM ready to run
RE:PM ready to runOur day is here. The volume is high enough on a small float that we are clearly visible to those who know junior mining. Probably not enough drilling for them to attempt a Mineral Resource Estimate until next year after more driling. The shape of Piquenes makes calculating an estimated tonnage in the ballpark of what we will see. I dont know where the market cap will peak with this drilling, but i expect $25-30 MM USD at least, which is still higher. Warrants will bring the share count to around 80 MM. The dimensions appear to be 200 meter diameter at the top, 300 m on the bottom. Looks continuous vertical resource of 800 m. The value per ton at 0.78 CuEq ~$82 ton. The bulk tonnage on that is ~94 MM tons by my math. Gives an idea of how much metal is available to exploit. GLTA & so glad i found this before it took off.