PEX 4.55% 10.5¢ peel mining limited

Ann: Trading Halt, page-2

  1. 232 Posts.
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    Shalom,


    What is now required is to calculate approximate NTA value per share based on our current mineral riches.

    Rough estimate is about $1.100 000 000 worth of minerals in the ground, costs of production about 1/3 of that value $ 370 000 000.

    Divide $ 730 000 000 by the number of shares 230 000 000 giving us $3.17 per share and we are talking here only about Wagga Tank-Southern Nights.


 
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