PSC
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4.40% 8.7¢ prospect resources limited

Ann: Research Report Hunter Capital Advisors, page-12

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  1. Crazy-Trader
    4,113 Posts.
    lightbulb Created with Sketch. 117
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    06/04/18
    12:47
    Post #: 32271172
    So PSC own 70% of Arcadia.

    The cost is $52.5million USD.

    The JV would recieved $10mill USD from Sinomines.

    So the JV would need to find $42.5mill USD = $56mill AUD

    70% of $56mill = $39.2mill is how much PSC needs to spend.

    30% of $56mill = $16.8mill is how much Farvic (Harry) would need to spend.

    PSC have $20mill in the bank....

    So it would mean that PSC would loan/CR for another $20 million.

    No stressed at all. Bought some more today.... 5c is too cheap based on Hunter Capital Report.
    PSC Price at posting: 5.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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