Hey DigDagg,
I like your back of an envelope calcs (I prefer back of a beer coaster as it is more succinct). So I'd like to add an other line. A T/O price with a 50% premium. This would bring your possible equity value of $6 to $9. Yeah I could live with that. I don't think a 50% premium is unrealistic considering:
- All deposits remain open at depth and along strike.
- The good possibility of additional finds in our 150km long land holding.
- Lithium prospects at the King Col Pegmatite (just 35km north of PLS world-class Pilgangoora Lithium-Tantalum Mine). Possibility of a Lithium spin-off?
Ann: Response to West Australian Article, page-18
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