given the resource is only inferred , you could knock down a resource value/oz of USD100 knowing as it moves to measured category we can move the valuation closer to the norm lf 150/200/oz
thats 365m USD or 500m AUD.
at 20c PDI is 270m AUD.
i can bet all the funds are knocking down the CEOs door asking for approvals to invest funds into PDI now that the MRE is out.
this might play out over several days , but 20c seems a bargain!
Ann: 3.65 MILLION OUNCE BANKAN MAIDEN MINERAL RESOURCE ESTIMATE, page-37
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Last
16.0¢ |
Change
-0.010(5.88%) |
Mkt cap ! $374.8M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.5¢ | 16.0¢ | $651.5K | 3.932M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 870300 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 212004 | 3 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| PDI (ASX) Chart |