PNM 6.25% 3.4¢ pacific nickel mines limited

I understand production is worth more than dilution, but you...

  1. 1,250 Posts.
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    I understand production is worth more than dilution, but you have to also realise when you are making 55% (11.55m) off this JV project due tot he contract terms, [essentially (ounces) 30,000 * $1700 (price of gold AUD) = $51m] - minus all in cash cost of $1000 [$51m - 30m = $21m]. [21m * 0.55 = $11.55m) , currently, everything needs to be taken into consideration.

    And when you already have 1.35b SOI, and several hundred million to come on because of such con notes, and only $61,000 in the bank and RC drilling to deepen the deposit...

    Oh, and those con notes, they can be converted from 0.01 cents, basically, three pips above our price.

    Not wanting this to get nasty, but some simple research could have gotten those answers.
    Last edited by ricdan1985: 05/04/18
 
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