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Here we Go...
https://youtu.be/dBz7QefLX-c
Not listened yet will do today :) Darren 35 minutes ish....
Drill spinning
Exciting
Can anyone post a link ?
Good summary.
I expect we will have to wait a few more weeks for the finalisation of the Fulcrum deal. Was supposed to be 31 October and subject to getting a listing.
Yep Metalhead25.....these are all the reasons I stay holding PALM!
…so, obviously it must be time to BUY ?
Here we try and give you a few ideas and look at a dozen Companies that have recently raised funds and currently trade around or below the placing price.
Companies covered include :
#CMET #CGO #EEE #EQT #GGP #INCE #KRS #KEFI #MOS #PALM #PNPL #POLB
https://total-market-solutions.com/2022/10/cashed-up-small-small-cap-bargains-time-to-go-shopping/
The value proposition here is now truly special.
Market cap - £4m
Cash - c £1m
Traded value of shares in PNT.AX - £2.1m
Value of stake in Fulcrum Metals - unknown but say £1m
Conclusion 1 - Panther market cap approximately covered by cash and investments in other companies
Some points about Panther/PNT projects:
- Panther now commencing drilling at Obonga
- Large project area
- Top notch jurisdiction
- Outstanding prospective location, surrounded by many major discoveries
- First individual target, Wishbone, drilled previously, hitting 70+ metres of massive sulphides
- Discovery of volcanogenic massive sulphides at Wishbone strongly supports likelihood of further discoveries, since VMS deposits typically appear in clusters
- Other Obonga targets based on various coincident targeting indicators, including magnetic, EM, soil sample, historic drilling (including reports of copper sulphide which was not assayed)
- Manitou Lakes project has returned extremely strong gold in soil readings, follow up programme underway
- PNT’s Coglia project has a 70MT Nickel-Cobalt resource in Australia
- PNT’s Burtville East project has produced stunning gold assays in Australia (including 15m at 54g/t - truly spectacular)
- Diamond drill assays awaited from Burtville East, including a core which showed visible gold
Conclusion 2 - Very exciting and (by the standards of the sector) low risk projects
Here we go. Starting with Wishbone, which we already know hosts massive sulphides. Exciting times
No detail on the drilling start date, Darren doesn’t miss a trick
Hole not whole doh.
Ahh that easy eh bitcoin. Well let's hope we get one and not more close but no cigar or just drilling a whole for the sake of it as we did at Dotted.
Not a lot of volume taking it down Levi so means very little..
And yes a drill hit will have compelling upside , just one good core is all it can take
ATB
SP still going down the toilet :-/
We better get this drilling right and targets are a lot more than wildcats.
'Their exploration methods are ancient and not a patch on the likes of KAV. Feels like PALM are wildcat drilling on the back of third-party government data, except they've not actually said when the drills will start.'
I work about the pace of technology in mining too,
https://www.angloamerican.com/futuresmart/futuresmart-mining
Progress.....
bitcoin looking forward to good cores ...multiple....
New RNS today re drilling contractors so can't be long now otherwise it'll get very chilly for the crew.
RNS talks about Wishbone, the 2021 results were mixed, yes they found massive sulphides though the grades and metals were not in themselves commercial. Darren handled this poorly and it wasn't until later with the upside down traffic cone presentation and a graphic on VMS systems that put the results into context so I'm hoping the next drills are focussing on finding the main source of the VMS rather than fishing trips based on interesting magnetics.
Panther share price isn't going to move until they find something meaningful so fingers crossed.
The best exploration first steps are always... getting hold of whats out there...cheapest.... Greenstone belt is where its at...
Then move on to the next stage which is soil and rock samples... Agree Kav are using state or art... TDEM loop surveys to get deep under than Kalahari sand cover... and lower... down ... but still maintain Darren has this right....
The drill bit...having a good core can change a company overnight.. a discovery it is...
ATB
Their exploration methods are ancient and not a patch on the likes of KAV. Feels like PALM are wildcat drilling on the back of third-party government data, except they've not actually said when the drills will start.
Very positive.. modern exploration methods are key...
Another string to the Panther bow
ATB
BurtonD, thanks for the TMS link. Generally very positive but PALM seems to have a great number of projects under way. Can the company keep up progress on all of them without frequent placings?
When are they drilling?
“…Right now PALM is flying below the market’s radar, but with steady progress in both Canada and Australia the company is giving itself plenty of opportunities to move back into the limelight….”
https://total-market-solutions.com/2022/10/panther-metals-plc-6/
As the Spartans said to the Persians - "if".
Where's the buyers at ? :-/
Love it..
Just takes one good core ...as we know...
Very happy to be invested with such immense upside if the ducks align...
ATB