PEK 2.38% 21.5¢ peak rare earths limited

Ann: Executed Offtake Agreement and Strategic MOU with Shenghe, page-22

  1. 3,903 Posts.
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    This is a good annoucement.

    I chatted to an M.D at diggers over the last couple of days who stated that once off takes are binding a project should command a mkt cap 70% of that of the NPV.

    The risked NPV on our project is 775 mill AUS.

    So theoretically we should be worth 550 million. 4 bags from here. What gives?

    Anyone think we won't get finance? Capex is low. $350 mill. Our major Chinese investor friends purchased a good amount at $1.

    Can please have a little rerate here me mkt. Cynical dog you.
 
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