i can't see the value. did i read the announcement right?
the want the next JORC to be 58,500 tonnes
58,500 tonnes at US$600/t & $200/t operating costs is AUD$31M in cashflow before tax & depreciation
they are going to have at least 600M shares fully diluted post-acquisition
at 10 cents, PNE is valued at $60M
are they planning to do more exploration because the current JORCed deposit is tiny?
thanks
Ann: Acquisition of Advanced Lithium Project with Resource-PNE.AX, page-13
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