I too have confidence in the deposit being a very profitable project.
I just think your valuation is excessive as you said after the buffer zone issue was dealt with and the mining license granted. 2 billion whilst still 2 to 3 years from mining? Unlikely, imo.
The comparison I use is with my other fav Goldie, WAF.
PDI is 40% of its mkt cap whilst having significant issues to overcome like the real drag on things, the buffer zone.
In comparison WAF is currently a cash cow with another mine due in 2025 but seem to pay a huge sovereign risk penalty. So that's why I see PDI as currently fairly valued, if not a touch over.
And why I can't see a $2 billion cap this calendar year.
Ann: PFS Update, page-78
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Last
19.0¢ |
Change
0.005(2.70%) |
Mkt cap ! $445.1M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 18.5¢ | $31.85K | 171.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 366452 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 474795 | 18 |
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| Last trade - 10.48am 31/05/2024 (20 minute delay) ? |
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Last
18.5¢ |
Change
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| Open | High | Low | Volume | ||
| 18.8¢ | 19.0¢ | 18.5¢ | 78581 | ||
| Last updated 11.16am 31/05/2024 ? | |||||
| PDI (ASX) Chart |