How bias can they be from a legal standpoint? I'm sure they still have to back up their numbers.
Obviously some interesting assumptions made with a 24 year mine life, there is plenty of resource at Longonjo but that is definitely a big assumption based on inferred resources. More drilling over time would help to lessen that assumption.
But then they've used a 14% discount rate and 0.25x npv.
Im obviously bias, but I think $0.86 is quite reasonable based on the numbers provided (by professions may I add) within the PFS.
These kind of broker share price valuations are often a catalyst for change. We will see what happens.
PM8 Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
