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2.08%

24.5¢ predictive discovery limited

Ann: OUTSTANDING HIGH-GRADE GOLD RESULTS FROM NE BANKAN, GUINEA, page-198

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Ooogerbooger

1,612 Posts.

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14/08/20

20:45

Post #: 46556402
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Originally posted by mja: ↑

MattyDubz. Regarding valuation. At present gold prices, with reasonable drilling results from here, with a defined JORC resource. I would anticipate market cap of $200 million. There will be dilution due to capital raising so say a doubling from here in share value.

I'm anticipating a larger resource given deeper hits, so better than above case. This may give a share price 3-4 times present level. If Gold goes to $3000 USD per oz, add 50% to above levels and at $4000-5000 per USD oz, double or triple above levels.

So if we get some nice deep hits and define a resource that I anticipate, and gold hits $3000-4000 USD per oz we could 10 bag from here. I don't anticipate PDI mining this resource they will be taken out by a gold producer. To me PDI represents a good risk reward opportunity. I believe we are in a gold bull-market, so see present valuation as base case, assuming sovereign risk does not become an issue. But, DYOR.

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I'm not sure what reasonable drilling results are, and the market cap will surely depend on what the JORC is!

Any other answer is pure guesswork.

PDI Price at posting: 8.1¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 24.5¢		Change 0.005(2.08%)		Mkt cap ! $575.9M

Open	High	Low	Value	Volume
23.5¢	25.0¢	23.5¢	$167.6K	690.5K

Buyers (Bids)

No.	Vol.	Price($)
5	286209	24.5¢

Sellers (Offers)

Price($)	Vol.	No.
25.0¢	9258	2

View Market Depth

No.	Vol.	Price($)
5	286209	0.245
4	217034	0.240
5	216374	0.235
3	86982	0.230
6	943166	0.225

Price($)	Vol.	No.
0.250	9258	2
0.255	101836	3
0.260	117167	6
0.265	90000	2
0.270	286170	5

Last trade - 16.10pm 18/11/2024 (20 minute delay)

PDI (ASX) Chart