PDI 0.00% 20.5¢ predictive discovery limited

Ann: HIGH-GRADE GOLD ZONE CONFIRMED UP TO 400M VERTICAL DEPTH, page-28

  1. 38,224 Posts.
    lightbulb Created with Sketch. 501
    Well done J , "fundamentals" are critical for appraising a company and you came close to spelling it !
    Fundamentally , let's be conservative and say 1 mill oz's .
    Let's guess that with gold about $2,400 / oz and AISC margins usually of the order of $1000 and with plenty of blue sky potential someone might offer $300 /oz for the resource (at this stage ).
    So implies a mkt cap of $ 300 mill , in my head , about 26 c / share ?
    Your 3.4 c equates to what , about $45 mill mkt cap roughly .
    But hey , maybe fundamentals aren't for you ?
    Maybe you could sell what you have now and buy back when they drop .
    (I seem to remember someone else here trying that , but maybe you'll be more successful .)

 
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