bellinvest
New Member
Pioneer Resources has recently caught my attention in the gold/lithium space!
I'm not sure how many people have been following this 'lithium boom' but stocks like GXY, GMM, AJM to name a few have seen prices go 10-25x up in a single year.
Little PIO with a market cap of around $20m ($0.023/share) has recently signed a JV with a TSX listed business to take control/further explore their lithium tenement in Canada 'Mavis Lithium'. PIO plan to further drill the ore body this quarter, which is rather appealing as to date the tenement has thrown up some rather positive cores in RC drilling. PIO have also laid claim to a rather nice plot of land in WA which also appears to be throwing off some good early lithium signs in some soil sampling 'Phillips River'.
This stock also has a decent gold acreage in WA just outside of Kalgoorlie which they have as their #1 exploration priority going by their most recent investor presentation. Further drilling to the 'Acra' tenement is occurring this quarter to better define the ore body/ies. If there are any gold stock fans here... i would encourage you to look at their most recent drilling of this tenement to better understand the hits/geology.
PIO also holds what i hear to be some very good Nickel tenements with a deposit (Blair Dome and Fairwater).
The stock has received quite a bit of recent attention and might turn out to be a very good junior for shareholders. The battery boom has a long way to run as the world moves to more renewable forms of energy/efficiency/electric cars etc. which will all require healthy amounts of lithium. Going by this, and considering the recent run in lithium stocks (over <12 months), i believe the uptrend is still well in motion and might be for quite some time.
I hold shares in PIO as a interesting spec gold/lithium/nickel play - DYOR.
BB
I'm not sure how many people have been following this 'lithium boom' but stocks like GXY, GMM, AJM to name a few have seen prices go 10-25x up in a single year.
Little PIO with a market cap of around $20m ($0.023/share) has recently signed a JV with a TSX listed business to take control/further explore their lithium tenement in Canada 'Mavis Lithium'. PIO plan to further drill the ore body this quarter, which is rather appealing as to date the tenement has thrown up some rather positive cores in RC drilling. PIO have also laid claim to a rather nice plot of land in WA which also appears to be throwing off some good early lithium signs in some soil sampling 'Phillips River'.
This stock also has a decent gold acreage in WA just outside of Kalgoorlie which they have as their #1 exploration priority going by their most recent investor presentation. Further drilling to the 'Acra' tenement is occurring this quarter to better define the ore body/ies. If there are any gold stock fans here... i would encourage you to look at their most recent drilling of this tenement to better understand the hits/geology.
PIO also holds what i hear to be some very good Nickel tenements with a deposit (Blair Dome and Fairwater).
The stock has received quite a bit of recent attention and might turn out to be a very good junior for shareholders. The battery boom has a long way to run as the world moves to more renewable forms of energy/efficiency/electric cars etc. which will all require healthy amounts of lithium. Going by this, and considering the recent run in lithium stocks (over <12 months), i believe the uptrend is still well in motion and might be for quite some time.
I hold shares in PIO as a interesting spec gold/lithium/nickel play - DYOR.
BB
