pigs, page-16

Finch2 - your insights on NTA would be very valuable. What I understand the PIGS site to say is that at 9 cps for PPX, the PXUPA should be ascribed with north of 80% of the NTA and based on the historical numbers the value of PPX should then be 3 cps and PXUPA be $34 per unit. My basic analysis on conversion would seem to bear this out. Certainly the current PPX value on market at 8.3 cps does seem off the Richter Scale and very few of us are expecting the 31 Dec 2011 NTA to go up.