- Forum
- Markets
- ASX
- POD -PODZILLA - PGM-Rh-Au-Cu-Ni Platinum Group metals + Copper
-
I'm BUYING MORE 330k holding ... this could be BIllion Cap id they hit high grades
DIAMOND DRILLING CONFIRMS
CONTINUITY OF PARKS REEF AT DEPTH
Key Highlights
Lithological logging of the two completed Stage 8 deep diamond drill holes, with initial core
observations indicating both holes intersected sulphide bearing stratigraphy of the layered
intrusion, including the down dip continuation of the PGM Parks Reef at a depth of approximately
500m.
Visual analysis of the two holes suggests the geology of the interpreted reef zone is consistent
with Parks Reef near surface geology, providing further confidence of mineralisation continuing
to significant depth.
Appointment of Resolve Mining Solutions to commence mining analysis work ahead of a scoping
study on Parks Reef, with work to commence in the second week of January.
Strengthening of the executive team continues with Chief Executive Officer Sam Rodda
commencing from 1 January 2022 and the appointment of General Manager Projects, Jason
Whittle, to commence 13th of January 2022
The Deed of Alignment of Mining Leases with EV Metals Pty Ltd (EV Metals)1
lapsed on the
31st of December 2021, with the Company continuing to work with EV Metals to discuss a further
extension of the agreement.
Chief Executive Officer, Sam Rodda, comments This is a very exciting outcome for Podium, with the
Stage 8 drilling so far confirming continuity of Parks Reef at depth and that it remains steeply dipping.
This drill programme has provided further confidence that we have yet to find the limits of the orebody
at depth. We intend to pursue an aggressive exploration strategy aimed at growing our resource
base and also testing our orebody for rhodium and iridium to include the full 5E PGM2
suite of
minerals in future resource estimate updates
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." Carlos Slim Helu
-
Member
Thanks JB. I have a few POD, added some more yesterday after this ann, market liked it, up 16% on good volume. Looks positive to me, planning to get more under 40c today while its still cheap. Its been up around 80c last year looks good imo.
-
Originally Posted by freebee
Thanks JB. I have a few POD, added some more yesterday after this ann, market liked it, up 16% on good volume. Looks positive to me, planning to get more under 40c today while its still cheap. Its been up around 80c last year looks good imo.
Just think out big the PGM5 Au.Cu,Ni resource will be down 500m and still open at depth .... could well run to 1km etc ....then put in the likely upside we will see 3Moz PGM3 + Au +Cu +Ni to just 100m from surface .. so if like 90% of resources that gain grades deeper they plunge ..just how BIG is this Parks Reef ???? 7Moz 15Moz + 300-500,000 Ton of Copper etc
https://www.theassay.com/news/podium...reef-at-depth/
https://www.businessnews.com.au/arti...resh-PGE-in-WA
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." Carlos Slim Helu
-
Update due anyday >> SP been very flat of late due to wake the market up again on deeper drill assays
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." Carlos Slim Helu
-
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." Carlos Slim Helu
-
WOW Stage 10 drilling targeting another 2.7 to 3.8Moz PGM3 .
This is in addition to the current 2.8 Moz MRE. Excl. 2-300k Oz Rhodium and Iridium. This is 5-6 Moz 3E PGM inferred to 200m.
Just proved increasing grade at 500 metres RL.
Reef doesn't just magically stop at 500m
Just how big is parks reef resource 10Moz PGM5 certainly looks on the table with enough drilling
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." Carlos Slim Helu
-
Yes I did see over on HC that the resource is now worth $9 billion,but if their maths is like mine (usually lose or gain a zero) that could be wrong.
-
Originally Posted by steveb
Yes I did see over on HC that the resource is now worth $9 billion,but if their maths is like mine (usually lose or gain a zero) that could be wrong.
LOL yes - Sam Rodda new MD of POD has big plans to see POD the next Major PGM producer .. peer company CHN shows just how undervalued POD is ...
https://themarketherald.com.au/podiu...dy-2022-04-20/
Last edited by JBmurc; 21-04-2022 at 02:55 PM.
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." Carlos Slim Helu
-
Member
Originally Posted by JBmurc
Hi JB
Any reason POD keeps getting sold down? I was holding early 2021 but my stoploss kicked me out just before it ran hard up to 0.80c or so (lessons learned), so I stopped watching.
It looks really cheap now and correct me if I'm wrong, I think they just done a capital raise a couple of months ago so they have some cash. Why so cheap? Any thoughts?
Thanks
-
Originally Posted by APH1
Hi JB
Any reason POD keeps getting sold down? I was holding early 2021 but my stoploss kicked me out just before it ran hard up to 0.80c or so (lessons learned), so I stopped watching.
It looks really cheap now and correct me if I'm wrong, I think they just done a capital raise a couple of months ago so they have some cash. Why so cheap? Any thoughts?
Thanks
Retail not interested at all these days I sold out of my last shares months ago ... so much more work to be done till we have DFS any idea on how much CAPEX would be needed for a plant and all admin/enviro/licensing .. PODs day will come ...just going need PGM prices to stop dropping will help along with some DFS profit numbers ROI ...Exploration Discovery hype only lasts so long ..also the PGM space has had a few new comers IPO's also in the PGM space with lower Market caps
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." Carlos Slim Helu
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks