Got a quick quiz for you - Are these two numbers different? US$1,000,000,000Billion Dollars and US$1Billion?
Find out the answer below -->
Yes. They are.
Heres another lesson, when valuing a mine for sale, it is standard practice to discount future years at a rate of 10% which you seem to forget. If you'd like to actually learn, go find the simple formula for PV10 and NPV10.
Additionally you left out the fact that PSC owns 87% of Arcadia, so all the numbers you're coming to are overvaluing the companies ownership + yes political risk does effect mine value, look into past Zim projects and their cost.
Hope you don't get too salty again over someone giving you feedback.
PSC Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
(20min delay)