pala-blackrock: what price a takeover?, page-9

Hear what you're saying Soul_surfer.

I keep coming back to the valuations ranges. Producers are valued at around $500/lb of production.

At 2.2Mlbs production per annum (Lance fully developed), the implied valuation for PEN is something around $1B around end 2018.

Much of the additional funding will be via debt, so let's say we get there for 5B shares on issue all up.

There's 20c per share from the mid 2's now.

Who wouldn't take an 8 bagger over 4yrs.....not saying it will happen, but on balance of probability?

Personally I think the U space recovery will take it to double that, but that's my rose tinted view only!