"Indicative value of $0.28/share, contingent on successfully attracting an equity partner to fund and develop Mount Peake"
Yes, nice to see, and from a different researcher. However, whilst I liked the report and the clear way it set things out, it still comes down to what many posters have been saying here for quite some time - it all DEPENDS on FINANCE.
I look at the 28 cents valuation as being discounted to allow for the risk of the project 'not proceeding'. What that means is, if it does go ahead it will be worth a LOT MORE than 28c. The value of TNG, in my view, still stands at 'very little' if Mt Peake does not proceed and 'well over $1' if Mt Peake does go into production, but that depends on what they have to give away to 'buy' the finance.
As someone else has just said, it needs to break out of the 4's before it goes anywhere.
TNG Price at posting:
4.4¢ Sentiment: Hold Disclosure: Held
