Hi guys,
Just remember the plant at Smokeyhills that was build in 2007-2008 at a cost of US$40 million is basically todays Mcap of PLA.
Not sure what kind of value you would put on the mine itself and the other projects in South-Africa and Australia.
But a take-over needs at least to be double the current shareprice and even that imho would be a bargain.
Time will tell, but as long as Smokey keeps mining without interuption, we could still see the long overdue turn around of this company.
jojo
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