Q: please comment on critical minerals update today
thank you
thank you
5i Research Answer:
PGE is still small at $161M market cap, even with a 447% one-year gain. It has little cash, no revenue, losses and negative cash flow. Its update from Montana was good, showing near-surface sulphides. Grades are not high, but intercepts are long, suggesting high tonnage. The deposit has been extended. Six more holes are awaiting assays. Certainly good results, but more development is needed, more holes to be drilled and more capital will be needed. It is moving in the right direction, certainly, but should still be considered highly speculative.