hH, think u might have a few loose wires, you're parroting the same incorrect line ...again. On that logic, BHP (5 billion SOI) is ridiculously overpriced. And what about TLS...more than 12billion SOI, bunch of losers! Hey, we should do a consolidation, let's go big time and make it 1,000,000:1. Only 2400 shares on issue! We'll all be instantly rich!
You know full well SP growth comes from earnings. The team have done an outstanding job delivering AN, and we are now EARNING. They are no longer an unknown to the market (better word there might be unproven...PR however still to be proven). So when they say they are ready to do it again, there is concrete reason to believe them. Of course PB has to go through a de-risking exercise...financials, equipment, hiring, build, hiring... But they've just done all that perfectly at AN, so the big kahuna of management capability is safe hands. This is just the beginning of the journey.
I'm in Rustys camp, now time to see what is the plan for PB, what are the exploration objectives, and ultimately where is stage 3 coming from. And since they've teased about JVs for some months, certainly time to put meat on those bones too.
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