time for comparisons, page-13

Hi folks

1.6 million traded. Big day and finished even. Big positive I would have thought.
Wonder if there are some selling to themselves....?
A lot od shares seem to have been freed up all of a sudden...

Well I guess PLV may not have a "pile of dirt without rail"...at least if all fails it would make a nice island resort for a fishing trip! ;)

Hone I noticed you have been here since 1999 so clearly your posting/questions hold a lot more credibility for me than a newbie who joined last month asking such things.
I think you are asking a question you already know the answer to.
Like yourself I watched PLV MD from afar 'years ago' and honestly at the time didn't think seriously about investing in PLV....I did hope though that one day I would be involved with the likes of him and his approach.
As it turned out I invested in PLV...with a very, very close second being IGR at the time.
But I liked the MD's style and over time saw a real opportunity to get in after the GFC with a management team I could trust with an operation that seemed to have a lot going for it relative to peers.
I knew very little about IO having focused on other metals.
I find IO complex and challenging to understand the grades and how they are valued.

For me investment/trading is about finding companies with comparative advantages...actual or yet to be realised....but clearly evident and probable.

Clearly we need a PFS to delineate what PLV has got and what it will do.
I think many of us, myself included of course, are assuming a little too much with perhaps a little too little.
We need the company to spell a few things out. The PFS will do that.
The following JTC deal..if it happens.. will add substance and further substantial valuation to that.
At these levels i'd double my holding...if I could.
Thats not a buy rec...thats just the opportunity I see here 'for me'.

Fact is the debt here looks RELATIVELY minimal. Time to production is too.

These are not things to be taken lightly in a world where iron ore supply will meet and exceeed demand in the coming years...and accordingly the IO price will retreat.
Big debt levels will take longer to pay back.
First to get offtake deals and sales agreements and get to production quickly will have massive advantages over those who will take longer.

Thats a fact.Don't need to be an expert to see that.

I see things fairly similarly to Wealth888.

$2 for me is looking better by the week....and should be reached well inside mid year imo.

Why is that?

If a company like FMS (and no offence to FMS holders as it clearly is a quality junior) for example can have an MC around 350 million with 2014 Q1 production at 5mtpa and PLV sits at 200 million...and we are yet to release our PFS, then I back us in to move past those valuation levels on that alone.
Remember too that 'shortly' to add further weight to matching and exceeding that valuation is the fact we will have a financial backer and 'potentially' and relatively minimal debt.
Imo we match or exceed them in any number of areas.

Its been handy having several brokers cover this as it has added weight to the reasoning behind this.

Conservative estimates abound in all reports released in key areas:
The price of IO = $83 for example.
The cost of production at around a "conservative" $37T
..being just two.

We have strong interest and a major Japanese trading company MOU, we have the strong possibility of mining DSO next year.

A lot to like about this. And the good thing here is within a few more weeks we will get that PFS.