PSC prospect resources limited

Ann: Acquisition of Advanced Cu Project in Zambia, page-8

  1. 7,506 Posts.
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    Hello. This is an old project that went nowhere in the past, which put me off. If the project was a goer, why hasn't Barrick bought it? Plus PSC will probably be out of their current cash by the end of the year. I don't understand them exactly, but it appears PSC has US$3M in expenditure obligations to acquire the monazite & bastnaesite surface sample REE project. At 10 cents, PSC will be valued at $50M. I didn't identify any tangible value yet in the other projects of PSC. Plus today's project is 85% ownership.
    Last edited by GKeden: 09/04/24
 
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