Sub 10c? I for one will be buying well before that level, although if anyone wants to sell me their holdings at 10c, more than happy to participate in an off market share purchase.
There is still alot that needs to be fleshed out but to me it does seem that PLV are in a stronger position now than 5 months ago and if they can get to at least a third of their 6mt production target, that equates to profits of $120m on 2mt output ($60 extraction price v. $120 sale price). I am a simple guy and I like simple numbers - a company trading on a market cap of $50m (?!?!) appears to be way undervalued if they can deliver $120m EBIT on conservative estimates.
Sub 10c? I for one will be buying well before that level,...
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