hold on to your hats, page-67

Vertigo,
Something that rates PLV highly against other Iron Ore hopefulls.

Great Real Estate with ocean veiws
Location!
Location!
Location!

I'm known to knock the insto's from time to time but this time i would prefer to trust intersussie than a nic on a chat site.

Cheers and good luck

vertigo
"underling market capitalisation PLV is way overvalued"


And

http://www.intersuisse.com.au/Files/resources/pluton%20resources%20-%20intersuisse%20-%2030%20september%202010.pdf

Intersuissie 20 Sept 2010

Calculated NPV $2.82

Recommendation
PLV is expecting to field binding expressions of
interest from end users in participating in the
development of their Irvine Island iron ore deposit

PLV has an Inferred Resource of 452Mt, most of
which requires simple beneficiation to produce
150Mt of >66% Fe

PLV expect to need $350m to produce 2.5 Mt/yr of
DSO plus 5.0Mt/yr concentrate at an FOB cost of
$A 37/t, compared with the spot price of US$ 140/t.
Speculative BUY
Price
50c
ASX / S&P Sector
Metals & Mining