I know some have mentioned the comparison with KRL before so I thought Id have a look. KRL have just acquired rights to coking coal with an expected output of 1.5mt pa in the same area as PZC has its planned leases. PZC also has announced an eventual production of 1.5mt pa. PZC has approx 900 000 000 shares while KRL has just under 7 00 000 000 available. So youd expect possibly a similar value factoring share dilution. KRL currently trading art 21 c post capital raising and up to 33c within the last few months and not in production as yet either. So that could put PZC ar 15-20c Im thinking. Does anyone have any thoughts on this? This is a comparison on fundamentals I guess rather than technicals at this stage.
PZC Price at posting:
96.0¢ Sentiment: LT Buy Disclosure: Held
