ST it seems to me that this is a cocka number. So 1.5 from stage 4/5 and 4.5 - 6.5 from the underground. No wonder WEG fought so hard. That's a huge revenue number and if we are good on costs, a huge profit number.
I was just told a comprehensive undate and that there would be meetings early next week. I assumed a full presentation.
I don't know why we would have a market cap below 25 mill on this info. If we assume 1.5 m tonnes p.a. then ebit for PLV's share is $45 mill.
If the drilling proves up then the numbers for a little company are pretty compelling.
PLV Price at posting:
20.7¢ Sentiment: Buy Disclosure: Held