George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
All the buys above 10p were buys, I took some this afternoon.
Very high growth, founder owns 25%, ground level entry
Looks like no end in sight
Cheers guys
What’s the cash position, any risk of a placing ?
Glad I sold close to highs rather than listening to some on here !!!!!
Bought in, looks great
Best miner on AIM
Simple
My targets are very high here
Very early for this one, the herd will be all over this in Q4 !
The year end sp could well be MANY multiples of today.
10 Reasons I’ve significantly increased my PXC position over recent weeks/months:
1. Funding ‘cloud’ out the way and could well be the last one ever due to high % profits from late 2022.
2. £16m cash, ~£50m market cap
3. ~ 1 year payback on Empire Open pit
4. The Board have significant skin in the game & the CFO sees a billion dollar company in time
5. Safe jurisdiction, Idaho USA.
6. Diverse metals which will handle macro headwinds much better than miners with one main metal. PXC have large Copper, Silver, Gold, Cobalt & Zinc resources.
7. Commodity bull run looks to have started and could last for many years.
8. PXC will be in Production in late 2022.
9. There are multiple mines within PXC. Just one of them (Empire mine) is only 1% explored ??.
10. Drill results to date have been excellent & the resource base is growing exponentially. >$2bn Measured, Indicated & Inferred already. Big summer drill programme will see this much higher
Great to buy & hold for the long term.
DYOR
Nice RNS, good progress & an indication of lots more news this summer !
This is a winner, I’m 100% sure on this after many years of investing.
Excellent risk vs. reward at the current price.
My biggest position now.
Excellent Stockslam update yesterday, Twitter updates have been great recently & the Board engage via shareholder webinars.
Lots of cash
Great assets
Big summer drilling programme
A nice cobalt JV
Multiple metals
Idaho USA
Copper Production next year funded by debt with less than 1 year payback
And lots more…..
On the move
From 5th May RNS
In 2018 five drill holes intercepted copper sulphide mineralisation. One hole returned 5.53% copper, 7.67 g/t gold, and 120 g/t silver, and was further north of any historical underground mining, whilst another returned 5.19% copper adjacent to historical underground workings. The gold and silver grades generally are major considerations, ranging to 7.93 g/t gold and 256 g/t silver. Further drilling into the underground sulphides is planned for Q3 2021.
Double….that’s bearish
I can see 10-20x here in 3-5 years
How much do they have please ?
Very good entry price now, added twice above this level.
Should move higher after his slice
10-20 bagger this year if they find what they think is there, indications are very good.
It’s all good stuff but the costs to develop and commercialise are still vague and this stuff takes years. Some big sells going through so I’m not the only one. GL