Money from Freeport (my guess $15-20million Australian)
And the drillers (I assume THEY know what they are doing) value the hole @ 200Million taking 10% for 20million
- 20% government taking their free carry leaving 70% to play for PVD value = $140Million
And approximately $7million in cash
And PVD is valued @ 10.4 million 4 cents per share
Say 15 +140+7=$162million divided by 260 million shareholders = 62 cents
If you got shares good place to be
Money from Freeport (my guess $15-20million Australian) And the...
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