Perpetua Resources(PPTA):Gold/Antimony resource Idaho USA
I figure today is a good day to open a new folder in the mining shares forum; aka: bankers' perpetual piggy bank...
Perpetua released what looks to me a positive update and confirmation of their project:
https://www.prnewswire.com/news-releases/perpetua-resources-commences-de...
In too typical fashion; the share price is whacked this morning; running any stops that might have been sitting in the market.
IMO; as the just released metrics of the project indicate; share price seems utterly disconnected to NPV and future cash flow projections. The project offers metrics that are compelling; given that Antimony has "critical mineral" requisite US government backing and financing which will limit share dilution during the construction phase.
FWIW, I have been trading PPTA via covered calls and view the project as a multi-year investment to follow. I really wanted to find another project now that SILV has been folded into CDE, and this one ticks a lot of boxes.
