Some interesting and clever comments today. In seems on the face of it bizarre with a REE asset problem with in excess of 100 bill our S.P is 30 something cents. As others have pointed out quite eloquently it is however not that simple, if the REEs were refined and sitting in a warehouse it would be another affair.
Saying that a resource is valued I have heard, traditionally (before exploitation, rule of thumb) worth about a tenth of the exploited value, if you were to sell the asset outright unexploited. So does that make Ngualla worth 10 bill+ (we do have additional resources there too)? Sadly no, if it did it would make our soon to 200 million shares on issue worth about $50 dollars each! Think it more likely a predator driving the S.P on T/O to a couple of dollars a share after jorc than paying $50 per share.
But it does make you think about the value that is in Ngualla and in investing at PEK...
Huge high grade resource, virtually no radiation, hardly any shares on issue.
Does it get any better in the REE sector for potential return on investment...if it does I havent found it..?
Tretch
PEK Price at posting:
30.4¢ Sentiment: Buy Disclosure: Held
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