I too have confidence in the deposit being a very profitable project.
I just think your valuation is excessive as you said after the buffer zone issue was dealt with and the mining license granted. 2 billion whilst still 2 to 3 years from mining? Unlikely, imo.
The comparison I use is with my other fav Goldie, WAF.
PDI is 40% of its mkt cap whilst having significant issues to overcome like the real drag on things, the buffer zone.
In comparison WAF is currently a cash cow with another mine due in 2025 but seem to pay a huge sovereign risk penalty. So that's why I see PDI as currently fairly valued, if not a touch over.
And why I can't see a $2 billion cap this calendar year.
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Last
18.5¢ |
Change
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Mkt cap ! $434.1M |
Open | High | Low | Value | Volume |
19.0¢ | 19.0¢ | 18.5¢ | $78.67K | 415.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 115772 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.0¢ | 74440 | 2 |
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No. | Vol. | Price($) |
---|---|---|
4 | 115772 | 0.180 |
4 | 266040 | 0.175 |
8 | 583122 | 0.170 |
5 | 625606 | 0.165 |
17 | 1171523 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.190 | 74440 | 2 |
0.195 | 397596 | 6 |
0.200 | 428259 | 6 |
0.205 | 396550 | 6 |
0.210 | 890198 | 8 |
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